Search results
Results From The WOW.Com Content Network
Usage of: West African CFA franc Central African CFA franc The West African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XOF; abbreviation: F.CFA) is the currency used by eight independent states in West Africa which make up the West African Economic and Monetary Union: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.
African currency was originally formed from basic items, materials, animals and even people available in the locality to create a medium of exchange. This started to change from the 17th century onwards, as European colonial powers introduced their own monetary system into the countries they invaded.
The treaty establishing the West African Monetary Union (French: Union Monétaire Ouest-Africaine, UMOA) was signed on 12 May 1962 and gave BCEAO the exclusive right to issue currency as the common central bank for the, then, seven member countries: [5] [7] [8] Côte d'Ivoire, Dahomey (later renamed Benin), Haute-Volta (later renamed Burkina ...
Usage of: West African CFA franc (XOF) Central African CFA franc (XAF) The CFA franc (French: franc CFA, [fʁɑ̃ seɛfɑ]) is the name of two currencies used by 210 million people (as of 2023) in fourteen African countries: the West African CFA franc (where "CFA" stands for Communauté Financière Africaine, i.e. "African Financial Community" in English), used in eight West African countries ...
The currency they all use is the CFA franc, which is pegged to the euro. [ 71 ] The West African Monetary Zone (WAMZ), established in 2000, comprises six mainly English-speaking countries within ECOWAS which plan to work towards adopting their own common currency, the eco .
Nigeria, who lost to Ivory Coast in the Afcon 2023 final, will play in Group C alongside Tunisia. In the same group, Uganda and Tanzania, two of the co-hosts of the 2027 Africa Cup of Nations ...
Currency Central bank Peg Benin: West African CFA franc: Central Bank of West African States: 1 EUR = CFA 655.957 Burkina Faso Guinea-Bissau Ivory Coast Mali Niger Senegal Togo Cameroon: Central African CFA franc: Bank of Central African States: 1 EUR= CFA 655.957 Central African Republic Chad Equatorial Guinea Gabon Republic of the Congo
Ivory Coast, the tournament hosts, suffered a torrid start to the tournament and sacked their head coach, Jean-Louis Gasset, following a 4-0 humiliation by Equatorial Guinea.