Definition

Noun: - The basic unit of money in Guinea: The Guinean franc is the official currency of the Republic of Guinea. It serves as the medium of exchange for all transactions within the country.

Usage Examples

• Noun:
  • The market vendor priced the fabric at five thousand Guinean francs.
  • Exchanging US dollars for Guinean francs can be done at the airport.
  • The new coin is worth one hundred Guinean francs.

Advanced Usage

• Currency Codes: In international finance, the Guinean franc is often abbreviated as GNF, which is its ISO 4217 currency code.
  • The transfer was made for an amount of 50,000 GNF.

Variants and Related Words

• Franc: A general term for the monetary unit used historically by several countries, especially in Europe and Africa. The Guinean franc is a specific instance of this.
  • The Swiss franc is a much stronger currency than the Guinean franc.

Synonyms

• Currency of Guinea: A descriptive synonym.
• GNF: The official three-letter code.

Notes on Different Meanings

• This term refers specifically to the modern currency of Guinea, reintroduced in 1985. It should not be confused with the former "Guinean syli" (used from 1971 to 1985) or the "CFA franc" used in neighboring countries.

Noun

1. the basic unit of money in Guinea