🇬🇳Guinean Franc (GNF)
Guinea left the CFA franc zone immediately at independence in 1958 to assert monetary sovereignty, first introducing the Guinean franc, then briefly the syli in 1971, before returning to the franc in 1985. Unlike its West African neighbors that still use the CFA franc, Guinea has maintained an independent, freely floating currency for most of its post-independence history, though this has come with periods of high inflation.
GNF ⇄ USD Converter
History
Guinea left the CFA franc zone immediately at independence in 1958 to assert monetary sovereignty, first introducing the Guinean franc, then briefly the syli in 1971, before returning to the franc in 1985. Unlike its West African neighbors that still use the CFA franc, Guinea has maintained an independent, freely floating currency for most of its post-independence history, though this has come with periods of high inflation.
Denominations
Guinean Franc banknotes commonly circulate in these denominations:
- 500, 1,000 francs — common notes for everyday transactions
- 5,000, 10,000 francs — mid-value notes
- 20,000 francs — the highest circulating note
Frequently Asked Questions
What is the currency symbol for the Guinean franc?
The Guinean franc's symbol is FG (sometimes GFr). Its ISO 4217 currency code is GNF.
Does Guinea use the CFA franc?
No — Guinea is one of the few former French colonies in West Africa that opted out of the CFA franc system, choosing full monetary independence at independence in 1958.
Has the Guinean franc always had this name?
Not quite — Guinea briefly used a currency called the syli between 1971 and 1985 before returning to the franc, which has remained the currency since.
Where can I see rates for other African currencies?
Check the full currency directory on the African Currencies homepage, which covers all 54 African countries.