GNF – Guinean Franc
GNF is considered to be a restricted currency, which implies an inherent limitation to the tradability of this currency. Fund transfers in this currency are not allowed outside of Guinea.
Besides this limitation, this currency is considered to be complex (multiple information to be provided and complex processing).
- Currency Guidelines
Besides the standard information, even though the IBAN format is always recommended, it is important to note that the domestic account number format can be used.
The domestic account number is eighteen digits in Guinea. This account structure is made up of a bank/branch identifier (three digits), an agency code (three digits), a domestic account number (ten digits) and a key (two digits).
The full name (written out in full, without initials, abbreviations or acronyms) and the physical full address of the beneficiary are mandatory.
A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Moreover, the full address (exact branch location) of the beneficiary’s bank is mandatory and to be provided in the remittance information.
This currency does not have any decimal places.
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
- Additional information
• Available charge options: OUR/SHA/BEN
• Central bank of Guinea: http://www.bcrg-guinee.org/