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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, and the Central ...
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.
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 Cameroon Central African Republic Chad Republic of the Congo Equatorial Guinea Gabon: XOF CFA Benin Burkina Faso Guinea-Bissau
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 Algeria: Algerian dinar: Bank of Algeria
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 member countries use the West African CFA franc as their currency and share common institutions including the Central Bank of West African States, Banking Commission of the West African Monetary Union, Financial Markets Authority of the West African Monetary Union, and (together with other African countries of the Franc Zone) Regional ...
The eco is the name for the proposed common currency of the Economic Community of West African States (ECOWAS). Plans originally called for the West African Monetary Zone (WAMZ) states to introduce the currency first, which would eventually be merged with the Euro-pegged CFA franc which is used by the French-speaking West African region within the West African Economic and Monetary Union (UEMOA).