Who is on the CFA franc?
The West African CFA franc (French: franc CFA; Portuguese: franco CFA or simply franc, ISO 4217 code: XOF) is the currency of eight independent states in West Africa: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo….
| West African CFA franc | |
|---|---|
| Pegged with | euro = 655.957 |
Which country uses mille francs CFA?
The Banque Centrale des États de l’Afrique de l’Ouest started issuing these 1000 CFA franc West Africa banknotes in 2003. They are currently still in circulation….Additional information.
| Location | West Africa |
|---|---|
| Dimensions | 135 × 75 mm |
| Composition material | paper |
| Colour | red |
How much is $1 US dollars in CFA francs?
Convert US Dollar to CFA Franc
| USD | XOF |
|---|---|
| 1 USD | 579.753 XOF |
| 5 USD | 2,898.76 XOF |
| 10 USD | 5,797.53 XOF |
| 25 USD | 14,493.8 XOF |
What is the full meaning of CFA franc?
African Financial Community
The CFA franc, backed by the French treasury and pegged to the euro, refers to both the Central African CFA franc (XAF) and the West African CFA franc (XOF), and is accepted in 14 member countries. CFA stands for Communauté financière d’Afrique or African Financial Community.
Who prints the CFA franc?
BEAC
It is issued by the BEAC (Banque des États de l’Afrique Centrale, i.e., “Bank of the Central African States”), located in Yaoundé, Cameroon, for the six countries of the CEMAC (Communauté Économique et Monétaire de l’Afrique Centrale, i.e., “Economic and Monetary Community of Central Africa”):
Is Xaf same as CFA?
Both currencies are controlled by the French treasury. Although separate, the two CFA franc currencies have always been at parity and are effectively interchangeable. The ISO currency codes are XAF for the Central African CFA franc and XOF for the West African CFA franc.
How many countries use the CFA franc today?
14 countries
What is the CFA franc zone? The CFA franc zone consists of 14 countries in sub-Saharan Africa, each affiliated with one of two monetary unions.
How do you write CFA francs?
There are two different currencies called the CFA franc: the West African CFA franc (ISO 4217 currency code XOF), and the Central Africa CFA franc (ISO 4217 currency code XAF). They are distinguished in French by the meaning of the abbreviation CFA.