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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 ...
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.
2006 saw a redesign of all denominations of coins for the CFA franc, along with the introduction of a 2 franc piece. The 1, 5, 10, and 25 franc coins were reduced in size, while a new bi-metallic 100 franc coin was introduced, along with a new and reduced size 500 franc coin with heightened security features, including laser marking.
The CFA franc was pegged to the French franc, and now the euro, and its convertibility is guaranteed by the French Treasury. [53] [54] 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 ...
Currency: West African CFA franc XOF Reserves: 9 820 million USD [1] Preceded by: Banque de l'Afrique Occidentale (1901-1955) Institut d'Émission de l'Afrique Occidentale Française et du Togo (1955-1959) Website: www.bceao.int
Consumer Federation of America, consumer group; Consumers' Federation of Australia, consumer advocacy group; Campus Freethought Alliance, former name for Center for Inquiry On Campus, a skeptics' group; CFA Institute, formerly known as the Association for Investment Management and Research (AIMR) Canadian Forestry Association; Canadian ...
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BEAC is the central bank of the states in red. The Bank of Central African States (French: Banque des États de l'Afrique Centrale, BEAC; Spanish: Banco de los Estados de África Central) is a central bank that serves six central African countries which form the Economic and Monetary Community of Central Africa: Cameroon, Central African Republic, Chad, Equatorial Guinea, Gabon, and the ...