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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 ...
File:CFA Franc map.svg. Add languages. ... Countries using the Central African CFA franc: Les pays utilisant le CFA franc (Afrique centrale) Description: English: ...
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 ...
Country Algerian dinar: DZD DA (Latin) دج (Arabic) Algeria: Angolan kwanza: AOA Kz Angola: Botswana pula: BWP P Botswana: Burundian franc: BIF FBu Burundi: Cape Verdean escudo: CVE Cabo Verde: CFA franc There are two different currencies called the CFA franc: the West African CFA franc (XOF) and the Central African CFA franc (XAF). XAF FCFA ...
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 ...
Country 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