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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 ...
The currency was pegged to the French franc (F) at F.CFA 1 = 2 French francs from 1948, becoming F.CFA 1 = NF 0.02 after introduction of the new franc at 1 new franc = 100 old francs. In 1994 the currency was devalued by half to F.CFA 1 = F 0.01. From 1999 it has since been pegged to the euro at €1 = F 6.55957 = F.CFA 655.957.
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 Côte d'Ivoire Mali Niger Senegal Togo: Comorian franc: KMF FC
F.CFA XAF Centime: 100 Chad: Central African CFA franc: F.CFA XAF Centime: 100 Chile: Chilean peso $ CLP Centavo: 100 China: Renminbi ¥ CNY Jiao [G] 10 Colombia: Colombian peso $ COP Centavo: 100 Comoros: Comorian franc: FC KMF Centime: 100 Congo, Democratic Republic of the: Congolese franc: FC CDF Centime: 100 Congo, Republic of the: Central ...
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
Togolese franc – Togo; Tunisian franc – Tunisia; 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; Vaud franc – Vaud; Franco Dominican franco – Dominican Republic; Luccan franco ...
It was established to promote economic integration among countries that share the CFA franc as a common currency. [78] UEMOA was created by a Treaty signed at Dakar , Senegal, on 10 January 1994, by the heads of state and governments of Benin , Burkina Faso , Ivory Coast , Mali , Niger , Senegal , and Togo .