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.

BREAKING DOWN '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.

  1. PGK

    In currencies, this is the abbreviation for the Papua New Guinea ...
  2. Central African CFA Franc - XAF

    The currency of six independent states in central Africa. The ...
  3. French Franc - F

    A currency used in France, prior to the introduction of the euro. ...
  4. Paris Pair

    The nickname for the U.S. Dollar/French Franc currency pair prior ...
  5. USD/CHF (U.S. Dollar/Swiss Franc) ...

    The Swiss franc is the safe haven of foreign currencies, and ...
  6. CHF

    In currency markets CHF is the abbreviation for the Swiss franc, ...
Related Articles
  1. Investing

    New Set of Bribery Charges in Simandou Mine Saga

    The strange saga of Rio Tinto's (NYSE: RIO) soon to be sold Simandou iron ore project in Guinea took another weird twist as the owner of BSG Resources was arrested on alleged bribery charges ...
  2. Financial Advisor

    Buying Swiss Francs as a Long-Term Investment: Risks & Rewards

    Learn about the risks and rewards of investing long term in Swiss francs and the history of the Swiss franc's exchange rate against the dollar.
  3. Investing

    Why The Swiss Franc Is So Strong

    We look at the recent and historic strength of the Swiss franc, as well as recent actions by the Swiss National Bank.
  4. Trading

    The Swiss Franc: What Every Forex Trader Needs To Know

    Find out what you need to know before you start trading the Swiss franc.
  5. Retirement

    Great (Affordable) Places For Retiring In France

    If that's always been your dream, there actually are affordable ways to retire in France. Some regions to explore and some cautions to keep in mind.
  6. Investing

    3 Best France ETFs for 2016 (EWQ, HFX, FEUZ)

    Discover how investors can use exchange traded funds (ETFs) to easily obtain exposure to equities of major companies domiciled in France.
  7. Personal Finance

    How Much Does It Cost to Study Abroad in France?

    Study abroad can deliver a big return on your investment. Here are some costs to consider if you're thinking of studying in France.
  8. Investing

    Snap Added 10M Users In France Since Last Year

    The maker of Snapchat added 10 million users in France since launching the Discover feature.
  9. Trading

    The Origins Of Common Currency Symbols

    Check out some of the world's most heavily traded currencies and their origins.
  1. What burst the Mississippi bubble?

    In 1715, France was essentially insolvent as a nation. Even though taxes were raised to extremely high levels, the hole that ... Read Answer >>
  2. What is foreign exchange?

    Foreign exchange, or Forex, is the conversion of one country's currency into that of another. In a free economy, a country's ... Read Answer >>
  3. How does inflation affect the exchange rate between two nations?

    Countries attempt to balance interest rates and inflation, but the interrelationship between the two is complex and can influence ... Read Answer >>
  4. What is the difference between a nation's current account deficit and its currency ...

    Learn the respective meanings of the two terms, current account deficit and currency valuation, and understand the relationship ... Read Answer >>
Hot Definitions
  1. Liquidity

    Liquidity is the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's ...
  2. Federal Funds Rate

    The federal funds rate is the interest rate at which a depository institution lends funds maintained at the Federal Reserve ...
  3. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
  4. Standard Deviation

    A measure of the dispersion of a set of data from its mean, calculated as the square root of the variance. The more spread ...
  5. Entrepreneur

    An entrepreneur is an individual who founds and runs a small business and assumes all the risk and reward of the venture.
  6. Money Market

    The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities ...
Trading Center