By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. The Ghanaian cedi was devalued by 30%. The Ghanaian unit of currency known as the Ghanaian cedi was named after cowrie shells. The Ghanaian currency, the Cedi also stabilised as a result of these policies. The transfer rate is 1 Ghana Cedi for every 10,000 Cedis. This process ended in 1990 with a free float of the cedi against foreign currencies. The recruits were asked to pay 3,100 Ghanaian Cedi. The Ghanaian pound was used between 1958 and 1965 and afterwards changed to Ghanaian Cedi. The GSE is located within the Cedi House in Accra. They are pictured on the front of the Ghana cedi notes. See also the example of the Ghanaian cedi from the 1970s and 1980s. The third Cedi has been losing value continuously since it was introduced. His brother, Cedi Osman, is also a professional basketball player. From 1979 to 1982, Rippon was President of the European Documentation and Information Centre (CEDI). One cedi is divided into one hundred pesewas (Gp).