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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.
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 ...
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
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 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]
This video over Central Africa and the Middle East was taken by the crew of Expedition 29 onboard the International Space Station in October 2011.. Central Africa (French: Afrique centrale; Spanish: África central; Portuguese: África Central) is a subregion of the African continent comprising various countries according to different definitions.
The franc zone, a currency union in sub-Saharan Africa, [51] was established when the CFA franc (or franc de la Communauté Financière Africaine) was created in 1945 as a colonial currency for over a dozen of France's African colonies.
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 ...