Convert your NGN to GNF
Related Currency Pairings
| African Currencies | Asian Currencies |
| NGN to MWK NGN to MZN NGN to NAD NGN to RWF | NGN to JPY NGN to JOD NGN to KGS NGN to KHR |
| European Currencies | Oceania Currencies |
| NGN to HUF NGN to MDL NGN to MKD NGN to PLN | NGN to GTQ NGN to GYD NGN to HNL NGN to JMD |
7 Facts About Guinean Franc
- Post-Independence Currency: Introduced in 1985, replacing the Guinean Syli, the Franc signifies Guinea’s independent monetary policy.
- Floating Exchange Rate: The Guinean Franc operates on a floating exchange rate, subject to market forces and economic conditions.
- Central Bank Control: The Central Bank of the Republic of Guinea oversees the issuance and management of the Franc.
- Economic Challenges: Guinea faces economic challenges, including dependence on raw materials and infrastructure deficits, affecting the Franc’s stability.
- Subdivision: Divided into 100 centimes, these smaller units are rarely used in everyday transactions.
- Cash-Based Economy: Guinea remains largely a cash-based society, with limited access to banking services in rural areas.
- Currency Code: GNF is the official currency code for the Guinean Franc, used in international financial transactions.