What does gnf means

Abbreviation » Term. Term » Abbreviation. Word in Term. Term » Abbr. Filter by: Select category from list Couldn't find the full form or full meaning of GNF? Discuss these GNF abbreviations with the community: 0 Comments. Notify me of new comments via email. Cancel Report. Create a new account. Log In. Know what is GNF? Got another good explanation for GNF? Don't keep it to yourself! Add it HERE! Still can't find the acronym definition you were looking for?

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We will include it during next update of our database. In , the second Guinean franc replaced the syli at par. Guinea's economy is fueled by a rich reserve of minerals, gold, high-grade iron ore, and diamonds.

Guinea used to be part of the franc zone of former French colonies, using the CFA franc as its official currency until its independence. Many of its neighboring nations—14 West African countries in total, 12 of which are former French colonies—still use the CFA franc. Together, they make up the African Financial Community. Prior to this, currencies in the French colonies were pegged to the French franc , which was devalued with the signing of the Bretton Woods agreement in When it was introduced in , the exchange rate was 1 CFA to 1.

The currency kept parity when France switched its currency from the French franc to the euro. The current fixed exchange rate for the CFA to the euro is 1 euro to Republic of Guinea, Ministry of Mines and Geology.

Accessed April 30, World Bank. Accessed May 1, International Monetary Fund. John Hopkins Institute for Applied Economics. Department of State. Income Tax. Monetary Policy. International Markets. Actively scan device characteristics for identification.