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Many African countries change their currency's appearance when a new government takes power (often the new head of state will appear on bank notes), though the notional value remains the same. Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar).
Map English short, formal names, and ISO Status Domestic short name(s) and formal name(s) Capital Population Area Currency Sahrawi Arab Democratic Republic [n 6] Claimed by Morocco as its southernmost provinces Recognized by the African Union and 46 UN members and South Ossetia as the representative government of Western Sahara
Africa: Abidjan is the largest city in Ivory Coast and is officially designated as the economic capital. Yamoussoukro (de jure) Abu Dhabi United Arab Emirates: Asia: Abuja Nigeria: Africa: Lagos was the capital from 1914 to 1991. Accra Ghana: Adamstown Pitcairn Islands: Oceania: British Overseas Territory. Addis Ababa Ethiopia: Africa: Aden (de ...
The currency of the Central African Republic is the CFA franc, which is accepted across the former countries of French West Africa and trades at a fixed rate to the euro. Diamonds constitute the country's most important export, accounting for 40–55% of export revenues, but it is estimated that between 30% and 50% of those produced each year ...
Chad, [a] officially the Republic of Chad, [b] is a landlocked country located at the crossroads of North and Central Africa.It is bordered by Libya to the north, Sudan to the east, the Central African Republic to the south, Cameroon to the southwest, Nigeria to the southwest (at Lake Chad), and Niger to the west.
According to the BBC, "critics, such as those leading the anti-CFA movement, say true economic development for the 14 African countries can only be achieved if they get rid of the currency. They argue that in exchange for the guarantees provided by the French treasury , African countries channel more money to France than they receive in aid.
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. [2]
Gabon (/ ɡ ə ˈ b ɒ n / gə-BON; French pronunciation: ⓘ), officially the Gabonese Republic (French: République gabonaise), is a country on the Atlantic coast of Central Africa, on the equator, bordered by Equatorial Guinea to the northwest, Cameroon to the north, the Republic of the Congo to the east and south, and the Gulf of Guinea to the west.