| Ghanaian Cedi |
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The cedi (₵) is the unit of Currency of Ghana , Africa . One cedi is divided into one hundred pesewas (although Inflation has eliminated these subdivisions). ''For earlier Ghanaian currency, see Gold Coast Ackey .'' The cedi was introduced in 1965, replacing the Pound at a rate of 2.4 cedi = 1 pound, or 1 pesewa = 1 penny. This first cedi was replaced by a second currency, also called the cedi, in 1967. The new cedi was worth 1.2 old cedi, allowing a more straightforward conversion between pound and cedi of 2 new cedi = 1 pound. The cedi sign ₵ has been accepted for encoding in Unicode as U+20B5 in 2004 . COINS AND BANKNOTES At various times since 1965, Coins with denominations from a half Pesewa (0.005 Cedi) to 500 Cedi were minted for circulation. Coin s currently (2005) in circulation are: 10, 20, 50, 100, 200, and 500 cedi. However, the 10 cedi (0.1 US cents) and 20 cedi (0.2 US cents) coins are not seen much due to their small value. Since 1965, Banknote s have been issued in the following values: (The table shows denominations of Ghanaian banknotes and the first year that denomination was issued) By 2004, only banknotes of 1,000 cedi denomination and above were in general use. In 2005, the bank note denominations were as follows: 20,000; 10,000; 5,000; 2,000; and 1,000 Cedis. Coin denominations were as follows: 500, 200, 100, 50 Cedis. EXCHANGE RATE HISTORY This table shows the historical value of one U.S. Dollar in Ghanaian Cedis: EXTERNAL LINKS |
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