October 2, 1958, Guinea declared independence from France.
In 1959, the Guinean franc banknote was issued to replace the CFA franc. In 1960, 1st Mars, the date of our banknote, the 2nd issue of the Guinean franc was issued.1
Historically, the Guinea region was one of the first parts of Africa to trade with Europeans.
In 1478 (during the War of the Castilian Succession), a Castilian armada of 35 caravels and a Portuguese fleet fought the battle of Guinea in the waters off Elmina, for the hegemony of the Guinea trade (gold, slaves, ivory and black pepper). The war ended both with a Portuguese naval victory and the official recognition by the Catholic Monarchs of the Portuguese sovereignty over most of the African territories in dispute (Treaty of Alcáçovas, 1479). This was the first colonial war among European powers. Many more would come. After the Portuguese and Castilians came the Dutch, French and British.
The extensive trade in ivory, gold, and slaves made the region wealthy, with a number of centralized kingdoms developing in the 18th and 19th centuries. These were much smaller than the large states of the wide-open Sahel, but they had far higher population densities and were more centralized politically. The cohesion of these kingdoms caused the region to show more resistance to European incursions than other areas of Africa. Such resistance, combined with a disease environment hostile to Europeans, meant that much of Guinea was not colonised by Europeans until the very end of the 19th century. 2