Guinean Franc (GNF)
Cash is the primary mode of payment for the majority of transactions in Guinea. Due to the lack of credit ratings and collection agencies, documentary letters and letters of credit are used for imports and exports. Guinea experiences a large amount of credit card fraud, so people are advised to limit card usage to reputable establishments to mitigate the risk.
Population
Banked Population:
Main industries
Mining, Agriculture, Fishing, and Energy
Main imports
Rice, Motorcycles & cycles, Cars,
Refined Petroleum, and Broadcasting Equipment
Main exports
Gold, Aluminium & Iron Ore,
Aluminium Oxide, and Cocoa Beans
$1,531.7
Per capita (USD)
4.7%
Growth annually
136
World ranking
Total volume of digital payments projected to reach
$3,129.00M (USD)
Mobile Money
Mobile Money