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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 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]
Building at 29, rue du Colisée in Paris, head office of BCEAO from the early 1960s to relocation to Dakar in 1978. In 1955, the French government transferred the note-issuance privilege for its West African colonies, hitherto held by the Banque de l'Afrique Occidentale, to a newly created entity based in Paris, [3] the Institut d'Émission de l'Afrique Occidentale Française et du Togo.
The Economic Community of West African States (ECOWAS; also known as CEDEAO in French and Portuguese) is a regional political and economic union of fifteen countries of West Africa. Collectively, the countries comprise an area of 5,114,162 km 2 (1,974,589 sq mi) and have an estimated population of over 424.34 million.
The production of CFA franc notes has been carried out at Chamalières by the Bank of France since its creation in 1945. In several west African states, the West African CFA franc, which is of equal value to the Central African CFA franc, is in circulation.
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.
West African CFA franc: F.CFA XOF Centime: 100 Burundi: Burundian franc: FBu BIF Centime: 100 Cambodia: Cambodian riel ៛ KHR Sen: 100 United States dollar $ USD Cent: 100 Cameroon: Central African CFA franc: F.CFA XAF Centime: 100 Canada: Canadian dollar $ CAD Cent: 100 Cape Verde: Cape Verdean escudo: CVE Centavo: 100 Cayman Islands: Cayman ...