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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.
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 ...
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.
Senegal will seek to implement a reform of the West Africa region's CFA franc currency at a regional level first and if that fails, will consider creating a national currency, opposition leader ...
Senegal Togo ; CEMAC Cameroon Central African Republic Chad Equatorial Guinea Gabon Republic of Congo Fiji Libya Eswatini Lesotho Namibia Bhutan Nepal Samoa ; Stabilized arrangement (24) Guyana Cambodia Iran Maldives Lebanon
A Senegalese opposition coalition backed by popular firebrand Ousmane Sonko launched its presidential campaign platform on Saturday with promises to create a new national currency and renegotiate ...
This reform began with a 50% devaluation of Senegal's currency, the CFA franc, which was linked at a fixed rate to the French franc. Government price controls and subsidies have been steadily dismantled as another economic reform. This currency devaluation had severe social consequences, because most essential goods were imported.
Senegal's economic and political capital is Dakar. Senegal is the westernmost country in the mainland of the Old World, or Afro-Eurasia. [14] It owes its name to the Senegal River, which borders it to the east and north. [15] The climate is typically Sahelian, though there is a rainy season. Senegal covers a land area of almost 197,000 square ...