GNFGuinean FrancGuinean Franc (GNF)
The Guinean franc is Guinea's national currency and is used for domestic prices, mining-sector accounts, public revenue and local payments.
- ISO code
- GNF
- Symbol
- FG
- Region
- Africa
- Currency type
- Fiat currency
- Exchange system
- GNF operates under Guinea's national monetary and foreign-exchange framework.
- Last reviewed
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Quick facts
GNF at a glance
Currency profile
How GNF works
The Guinean franc is Guinea's national currency and is used for domestic prices, mining-sector accounts, public revenue and local payments.
The Banque Centrale de la République de Guinée issues GNF and administers the national monetary framework. ISO 4217 records GNF with zero minor-unit digits.
- Guinea introduced a national franc in 1960 after leaving the CFA franc area.
- The franc was replaced by the syli in 1971 and restored as the national unit in 1985.
Context
Why this currency matters
GNF is easily confused with other franc currencies, but it is a separate national unit with its own central bank and exchange value. Guinea's monetary timeline also includes the discontinued syli, so historical documents require careful unit identification. Mining exports and regional trade make dated reference rates useful for comparison.
Monetary framework
Exchange arrangement
GNF operates under Guinea's national monetary and foreign-exchange framework.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for GNF
Guinean franc introduced
Guinea established its own franc after leaving the CFA franc monetary area.
Banque Centrale de la République de GuinéeSyli replaced the franc
A new national unit called the syli replaced the first Guinean franc.
Banque Centrale de la République de GuinéeFranc restored
Guinea reintroduced the franc as the national currency under the current code lineage.
Banque Centrale de la République de Guinée
Usage and economy
How GNF is used
- Guinean francs denominate local prices, wages, taxes and bank records.
- XOF, GMD, LRD and SLE are useful regional comparison currencies.
Banknotes and coins
GNF currency units
Banque Centrale de la République de Guinée is the authoritative source for the current GNF banknote framework.
Banque Centrale de la République de Guinée is the authoritative source for the current GNF coin framework.
One Guinean Franc unit is recorded with 0 decimal places.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
GNF questions
Is GNF part of the CFA franc system?
No. Guinea has its own national franc and is not a member of the XOF currency area.
What currency came before the current Guinean franc?
The Guinean syli preceded the restored franc introduced in 1985.
Why does GNF use zero ISO decimal digits?
ISO 4217 records GNF without a standard minor-unit decimal for electronic amounts.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.