GNF - Guinea Franc
Definition of 'GNF - Guinea Franc'The currency abbreviation for the Guinea franc, the national currency of Guinea. The GNF is actually the second franc for the country; the first was issued in 1959 and replaced the previously used CFA franc. That franc was replaced by the Guinean syli, which was used in the country from 1971–1985. The second Guinean franc replaced the syli in 1985. |
|
Investopedia explains 'GNF - Guinea Franc'Fourteen West African countries still use the CFA franc; together they make up the African Financial Community. Twelve of the 14 are former French colonies. The Republic of Guinea was formerly known as French Guinea; today it is often referred to as Guinea-Conakry (the name of the capital city) to distinguish it from its neighboring country Guinea-Bissau. |
Related Definitions
Articles Of Interest
-
Currency Exchange: Floating Rate Vs. Fixed Rate
Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers. -
Top 7 Questions About Currency Trading Answered
Whether you're puzzled by pips or curious about carry trades, your queries are answered here. -
6 Factors That Influence Exchange Rates
Find out how a currency's relative value reflects a country's economic health and impacts your investment returns. -
What Are Central Banks?
They print money, they control inflation, and much, much more. All you need to know about central banks is here. -
A Primer On The Forex Market
Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers. -
The Yen Is Setting Up To Be An Attractive Long-Term Investment
As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013? -
3 Costly Spelling Errors
History has proved that some spelling errors can cost companies and governments millions of dollars. -
The Most Counterfeit-Proof Currencies
The IACA awards provide some of the best insight into the currencies that are proving the most difficult to fake. -
An Introduction To Complementary Currencies
There are alternatives to national currencies. Discover complementary currencies and how they work. -
The Origins Of Common Currency Symbols
Check out some of the world's most heavily traded currencies and their origins.
Free Annual Reports