The XAF (Central African CFA Franc) is the official currency of six central African countries: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon. The currency is backed by the French treasury and pegged to the euro.
Does Senegal use CFA?
The Senegal West African CFA franc is the currency used not only in Senegal, but also in seven other West African states: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, and Togo. Central Bank of West African States issued and regulates the West African CFA franc.15 Jun 2021
Does Congo use CFA?
The common currency used in the Republic of Congo and other CEMAC members is the CFA Franc (F CFA). The CFA is linked to the Euro and is treated as an intervention monetary unit at a fixed exchange rate of 1 Euro: 655.957 CFA Franc.
How do you write the CFA franc?
What Is the CFA Franc? 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.What Is the CFA Franc? The CFA franc, backed by the French treasury and pegged to the euro, refers to both the Central African CFA francCentral African CFA francThe XAF (Central African CFA Franc) is the official currency of six central African countries: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon. The currency is backed by the French treasury and pegged to the euro.https://www.investopedia.com › central-african-cfa-franc-xafXAF (Central African CFA Franc) Definition - Investopedia (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.
What does CFA currency stand for?
What is the CFA franc zone? These two unions maintain the same currency, the CFA franc, which stands for Communauté Financière Africaine (African Financial Community) within WAEMU and Coopération Financière en Afrique Centrale (Financial Cooperation in Central Africa) within CAEMC.
Currency Name Country Name Currency CodeA
--------------- ------------ --------------
CFA Franc BCEAO MALI XOF
CFA Franc BCEAO NIGER XOF
CFA Franc BCEAO SENEGAL XOF
CFA Franc BCEAO TOGO XOF
What is Niger money called?
West African CFA franc
Is XAF same as CFA?
Institutions. 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.