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De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2]; Exchange rate arrangement (Number of countries) Exchange rate anchor
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ] when they meet the five convergence criteria. [ 2 ]
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 (UEMOA): Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.
Euro, the currency used by the most countries and territories, the second-largest reserve currency and the second-most traded currency. Some currencies, such as the Abkhazian apsar , are not used in day-to-day commerce, but are legal tender in their issuing jurisdiction.
US occupation franc – France (issued and used by Allied soldiers, never backed by any government) West African CFA franc – Benin , Burkina Faso , Côte d'Ivoire , Guinea-Bissau , Mali , Niger , Senegal , Togo
USD/MXN exchange rate. Mexican peso crisis in 1994 was an unpegging and devaluation of the peso and happened the same year NAFTA was ratified. [2]The Mexican peso (symbol: $; currency code: MXN; also abbreviated Mex$ to distinguish it from other peso-denominated currencies; referred to as the peso, Mexican peso, or colloquially varo) is the official currency of Mexico.
Mexico: 30 October 1975: Benin is accredited to Mexico from its embassy in Washington, D.C., United States. [129] Mexico is accredited to Benin from its embassy in Abuja, Nigeria and has an honorary consulate in Cotonou. [130] Morocco: 5 November 1966: Benin has an embassy in Rabat. Morocco has an embassy in Cotonou. Niger
Benin is signatory to all international trade conventions under the aegis of the World Trade Organization and the United Nations Conference on Trade and Development.Benin is also a member of the Cotonou Agreement among the European Union, Africa, and Caribbean and Pacific countries, and the regional and sub-regional economic unions such as the Economic Community of West African States (ECOWAS ...