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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.
The Central African CFA franc (French: franc CFA or simply franc; ISO code: XAF; abbreviation: F.CFA) is the currency of six independent states in Central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon.
The French Community in 1959.. Following the accession to independence of its African colonies beginning in 1959, [1] France continued to maintain a sphere of influence over the new countries, which was critical to then President Charles de Gaulle's vision of France as a global power (or grandeur in French) and as a bulwark to British and American influence in a post-colonial world.
Usage of: West African CFA franc (XOF) Central African CFA franc (XAF) 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 ...
Africa's mpox outbreaks result from neglect and world's inability to stop epidemics, experts say. A leading African scientist says the growing mpox outbreaks in Africa that triggered the World Health Organization’s emergency declaration are largely the result of decades of neglect and the global community’s inability to stop sporadic epidemics among a population with little immunity ...
Africanews (styled as africanews) is a 24/7 pan-African multilingual news network located in Lyon, France previously headquartered in Pointe-Noire, Republic of the Congo. The news channel began broadcasting online, and via TV and satellite on 20 April 2016. [ 1 ]
The Economic and Monetary Community of Central Africa, generally referred to by its French acronym CEMAC (for Communauté Économique et Monétaire de l'Afrique Centrale; Spanish: Comunidad Económica y Monetaria de África Central), is an organization of states of Central Africa established by Cameroon, Central African Republic, Chad, the Republic of the Congo, Equatorial Guinea and Gabon to ...
The Central African Republic (CAR) has diplomatic relations with 114 out of the 193 United Nations member states as well as the State of Palestine.. The country's attempts at an open policy towards neighbouring countries have been strained due to the long-standing civil war as well as broader regional conflicts such as reoccuring tensions between Chad and Sudan.