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Economy Of Guinea
The economy of Guinea is dependent largely on agriculture and other rural activities. Guinea is richly endowed with good minerals, possessing an estimated quarter of the world's proven reserves of bauxite, more than of high-grade iron ore, significant diamond and gold deposits, and undetermined quantities of uranium. Guinea also has considerable potential for growth in the agricultural and fishing sectors. Land, water, and climatic conditions provide opportunities for large-scale irrigated farming and agroindustry. Remittances from Guineans living and working abroad and coffee exports account for the rest of Guinea's foreign exchanges industry. Economic history Guinea was part of the franc zone countries that included most of the former French Colonies. After Independence, these countries did not become completely economical free. France decided against monetary autonomy hence they could not use a freely convertible currency. The state intervention of the new governments was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guinean Franc
The Guinean franc (french: franc guinéen, ISO 4217 code: ''GNF'') is the currency of Guinea. It is subdivided into one hundred ''centimes'', but no centime denominations were ever issued. History First Guinean franc The first Guinean franc was introduced in 1959 to replace the CFA franc. There were 1, 5, 10 and 25 francs coins (made of aluminium bronze) with banknotes (dated 1958) in 50, 100, 500, 1000, 5000 and 10,000 francs denominations. A second series of banknotes dated 1er MARS 1960 was issued on 1 March 1963, without the 10,000 francs. This series was printed without imprint by Thomas De La Rue, and includes more colors, enhanced embossing, and improved security features. A new issue of coins in 1962 was made of cupronickel. In 1971, the franc was replaced by syli at a rate of 1 syli = 10 francs. Second Guinean franc The Guinean franc was reintroduced as Guinea's currency in 1985, at par with the syli. The coins came in denominations of 1, 5 and 10 francs made of bras ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
What Did Guinea Export In 2016
What or WHAT may refer to: * What, an interrogative pronoun and adverb * "What?", one of the Five Ws used in journalism Film and television * ''What!'' (film) or ''The Whip and the Body'', a 1963 Italian film directed by Mario Bava * '' What?'' (film), a 1972 film directed by Roman Polanski * "What", the name of the second baseman in Abbott and Costello's comedy routine "Who's on First?" * "What?", the catchphrase of professional wrestler Stone Cold Steve Austin Music * ''what.'', a comedy/music album by Bo Burnham, 2013 * What Records, a UK record label * What? Records, a US record label Songs * "What" (song), by Melinda Marx, 1965 * "What?" (Rob Zombie song), 2009 * "What?" (SB19 song), 2021 * "What?", by 666 from ''The Soft Boys'' * "What", by Bassnectar from ''Vava Voom'' * "What?", by Corrosion of Conformity from ''Eye for an Eye'' * "What?", by the Move from ''Looking On'' * "What?", by A Tribe Called Quest from ''The Low-End Theory'' Science and technology * Web H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alcoa
Alcoa Corporation (an acronym for Aluminum Company of America) is a Pittsburgh-based industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. In May 2007, Alcoa Inc. made a US$27 billion hostile takeover bid for Alcan in an attempt to form the world's largest aluminum producer. The bid was withdrawn when Alcan announced a friendly takeover by Rio Tinto in July 2007. On November 1, 2016, Alcoa Inc. split into two entities: a new one called Alcoa Corporation, which is engaged in the mining and manufacture of raw aluminum, and the renaming of Alcoa Inc. to Arconic Inc., which processes aluminum and other metals. After relocating its corporate operations to New York City in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alcan
Alcan was a Canadian mining company and aluminum manufacturer. It was founded in 1902 as the Northern Aluminum Company, renamed Aluminum Company of Canada in 1925, and Alcan Aluminum in 1966. It took the name Alcan Incorporated in 2001. During that time, it grew to become one of the world's largest aluminum manufacturers. Alcan was purchased by Australian-British multinational Rio Tinto for $38 billion in 2007, becoming Rio Tinto Alcan Inc. in 2008. It was headquartered in Montreal, in its Maison Alcan complex. History The Northern Aluminum Company Limited was founded in 1902, in Shawinigan, Quebec, as part of the Pittsburgh Reduction Company. In 1913, the company opened a kitchen utensil production plant and foundry in Toronto. It opened a rolling mill in the plant a few years later. During World War I (1914–18), aluminum production increased to 131,000 tonnes from 69,000. In 1925, the company was renamed the Aluminum Company of Canada. The Aluminum Company of Canada was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guinean Presidential Election, 2010
Presidential elections were held in Guinea in 2010. They were held under the two-round system, with the first round taking place on 27 June 2010 and the second round on 7 November, after an initial date of 18 July and several other postponements. Alpha Condé was declared the winner, with 52.52% of the votes in the second round. He assumed office on 21 December 2010. The elections came after a coup in 2008 and the attempted assassination of the junta leader Moussa Dadis Camara in December 2009. There were months of tension and unrest during the electoral process, in which the two main candidates represented the two largest ethnic groups in Guinea: the Fula (french: Peul; ff, Fulɓe) and the Maninka (Malinke). The elections were also the first free national election held in Guinea since it gained independence in 1958. Background The election was originally scheduled to be held on 13 December 2009 (with a second round, if necessary, held on 27 December 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China International Fund
China International Fund (CIF) is a Chinese-owned group of Hong Kong investors that describes its major businesses as including "large-scale national reconstruction projects and infrastructure construction in developing countries". The CIF and its associated companies in Hong Kong and Singapore invested upwards of $US 20 billion mainly in unstable African dictatorships. They have made agreements with the Angolan and Guinean governments to explore for various resources in those countries. These agreements will result in billions of dollars of money being invested in the two countries. The Company is under the suspicion of being a state-owned company because "key personnel have ties to Chinese state-owned enterprises and government agencies." Structure The United States-China Economic and Security Review Commission issued a report in July 2009 on investments of Dayuan, CIF and its subsidiaries in Africa, Latin America and the U.S.A.. China International Fund is owned to 99% by Dayua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Senegal River
,french: Fleuve Sénégal) , name_etymology = , image = Senegal River Saint Louis.jpg , image_size = , image_caption = Fishermen on the bank of the Senegal River estuary at the outskirts of Saint-Louis, Senegal , map = Senegalrivermap.png , map_size = , map_caption = Map of the Senegal River drainage basin. , pushpin_map = , pushpin_map_size = , pushpin_map_caption= , subdivision_type1 = Country , subdivision_name1 = Senegal, Mauritania, Mali , subdivision_type2 = , subdivision_name2 = , subdivision_type3 = , subdivision_name3 = , subdivision_type4 = , subdivision_name4 = , subdivision_type5 = , subdivision_name5 = , length = , width_min = , width_avg = , width_max = , depth_min = , depth_avg = , depth_max = , discharge1_location= , discharge1_min = , discharge1_avg = , di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sub-Saharan Africa
Sub-Saharan Africa is, geographically, the area and regions of the continent of Africa that lies south of the Sahara. These include West Africa, East Africa, Central Africa, and Southern Africa. Geopolitically, in addition to the List of sovereign states and dependent territories in Africa, African countries and territories that are situated fully in that specified region, the term may also include polities that only have part of their territory located in that region, per the definition of the United Nations (UN). This is considered a non-standardized geographical region with the number of countries included varying from 46 to 48 depending on the organization describing the region (e.g. UN, WHO, World Bank, etc.). The Regions of the African Union, African Union uses a different regional breakdown, recognizing all 55 member states on the continent - grouping them into 5 distinct and standard regions. The term serves as a grouping counterpart to North Africa, which is instead ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Depreciation
Currency depreciation is the loss of value of a country's currency with respect to one or more foreign reference currencies, typically in a floating exchange rate system in which no official currency value is maintained. Currency appreciation in the same context is an increase in the value of the currency. Short-term changes in the value of a currency are reflected in changes in the exchange rate. There is no optimal value for a currency. High and low values have tradeoffs, along with distributional consequences for different groups. Causes In a floating exchange rate system, a currency's value goes up (or down) if the demand for it goes up more (or less) than the supply does. In the short run this can happen unpredictably for a variety of reasons, including the balance of trade, speculation, or other factors in the capital account, international capital market. For example, a surge in purchases of foreign goods by home country residents will cause a surge in demand for forei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poverty Reduction And Growth Facility
The Poverty Reduction and Growth Facility (PRGF) is an arm of the International Monetary Fund which lends to the world's poorest countries. It was created on September 16, 1999, replacing the Enhanced Structural Adjustment Facility The Enhanced Structural Adjustment Facility (ESAF) was a program of financial assistance given to poor countries from December 1987 through 1999 through the International Monetary Fund. It replaced the Structural Adjustment Facility (SAF) and was .... In 2009 the organization sold 212 metric tons of gold in separate off-market transactions and then gradually sold 191.3 tons of gold to fund the SDR 1¼ billion yearly lending program to the targeted nations.International Monetary Fund. (16 March 2021). "Factsheet: Gold in the IMF"IMF websiteRetrieved 20 June 2021. References {{reflist External links International Monetary Fund International finance International development Intergovernmental organizations Global policy organizations ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
