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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 ...
CFA-frangi; Usage on fr.wikipedia.org Banque des États de l'Afrique centrale; Liste des banques centrales d'Afrique; Usage on ha.wikipedia.org CFA franc ( sefar yammaci Afirka) CFA franc Yammacin Afirka; CFA franc na Tsakiyar Afrika; Jerin manyan bankunan Afirka; Usage on hy.wikipedia.org Կենտրոնական Աֆրիկայի ԱՖՀ ֆրանկ
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.
Equatorial Guinea, the only former Spanish colony in the zone, adopted the CFA franc in 1984, replacing the Equatorial Guinean ekwele at a rate of 1 franc = 4 bipkwele. [ citation needed ] The currency was pegged to the French franc (F) at F.CFA 1 = 2 French francs from 1948, becoming F.CFA 1 = NF 0.02 after introduction of the new franc at 1 ...
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Map of the CFA Franc Zone. Ivory Coast is in the CFA Franc Zone, a former French colonial monetary zone created in 1939, which now gathers 14 Sub-Saharan countries using the CFA Franc. [6] Following the Second World War, French authorities reformed the CFA and fixed its convertibility to the metropolitan Franc.
When French President Emmanuel Macron holds talks with his Ivory Coast counterpart on Saturday (December 22), the future of the French-backed CFA franc currency will be under scrutiny. It's a ...
The CFA franc was pegged to the French franc, and now the euro, and its convertibility is guaranteed by the French Treasury. [52] [53] Despite sharing the same exchange rate, the CFA franc is actually two currencies, the Central African CFA franc and the West African CFA franc, which are run by their respective central banks in Central and West ...