The Guinea-Bissau peso is the official currency of Guinea-Bissau, a small country located in West Africa. In addition to being called the Guinea-Bissau peso, this currency also goes by a few other names. One of these is the West African CFA franc, a currency used in many outlying countries including Guinea-Bissau. Additionally, the Guinea-Bissau peso is sometimes referred to simply as the Bissau-Guinean peso or even the GBX. These synonyms help to add variety to descriptions of the Guinea-Bissau peso and make it easier to understand its value in relation to other currencies.