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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 ...
Central African CFA franc 10,000 CFA francs Obverse 1971 El Hadj Omar Bongo Ondimba: 1935–2009 President of Gabon (1967–2009) Central African CFA franc All (1,000–10,000 CFA francs) Obverse 1974–1984 (1,000 CFA francs); 1974–1978 (5,000 CFA francs); 1974–1978 (10,000 CFA francs) El Hadj Omar Bongo Ondimba: 1935–2009
The West African Monetary Zone (WAMZ) has proposed to create a common currency for all West Africa states, the Eco. In May 2020, an agreement between the French government and 8 West African countries was reached, meaning to change the CFA franc to the Eco; though no plan had been established as of January 2021. [4]
It's a lifeline on which 14 west and central African nations depend. Tied to the euro at a fixed exchange rate, the currency offers monetary stability. The peg is guaranteed by the French Treasury.
West African Economic and Monetary Union: 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
Banknotes: 20, 50, 100, 200, 500, 1000 ouguiya [2] Coins Freq. used: ... West African CFA franc Ratio: 1 ouguiya = 5 francs: Currency of Mauritania 1973 – 2017
A 1943 5 French West African franc note French West Africa 500 Francs banknote of 1946. The franc was the currency of French West Africa. The French franc circulated, together with distinct banknotes from 1903 and coins from 1944. It was replaced by the CFA franc in 1945.