CFA franc franc CFA (French)
 | | 1,000 Central African CFA francs | | | ISO 4217 Code | XOF (West African) and XAF (Central African) | | User(s) | Central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, Gabon West Africa: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, Togo | | Pegged with | euro = CFA655.957 | | Subunit | | | 1/100 | centime | | Symbol | CFA | | centime | c | | Nickname | céfa, franc | | Coins | CFA1 (Central only), CFA2 (Central only), CFA 5, CFA10, CFA25, CFA50, CFA100, CFA200 (West only), CFA500 | | Banknotes | CFA500 (Central only), CFA1000, CFA2000, CFA5000, CFA10000 | | Central bank | Banque des États de l'Afrique Centrale (Central Africa) and Banque Centrale des États de l'Afrique de l'Ouest (West Africa) | The CFA Franc (in French: franc CFA, "céfa", or just franc) is a currency used in 12 formerly French-ruled African countries, as well as in Guinea-Bissau (former Portuguese colony) and in Equatorial Guinea (former Spanish colony). The ISO currency code for the Central African CFA is XAF and for the West African CFA is XOF. Image File history File links Derived from public domain images featured at: http://commons. ...
Image File history File linksMetadata Download high resolution version (288x617, 96 KB) Licensing File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ...
A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ...
ISO 4217 Code EUR User(s) European Union; Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Andorra, Monaco, San Marino, Vatican City, Montenegro, Kosovo, French Guiana, Réunion, Saint-Pierre et Miquelon, Guadeloupe, Martinique, Mayotte. ...
Centime is French for cent, and is used in English as the name of the fraction currency in several Francophone countries (including Switzerland and formerly France), where it is one hundredth of a franc. ...
Centime is French for cent, and is used in English as the name of the fraction currency in several Francophone countries (including Switzerland and formerly France), where it is one hundredth of a franc. ...
World map showing location of Africa A satellite composite image of Africa Africa is the worlds second_largest continent in both area and population, after Asia. ...
ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...
It has a fixed rate compared to the euro: 100 CFA francs = 1 French (nouveau) franc = 0.152449 euro, or 1 euro = 655.957 CFA francs. This means that, for the purposes of simplification, one pound sterling can be roughly speaking considered to equal 1,000 CFA Francs. ISO 4217 Code EUR User(s) European Union; Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Andorra, Monaco, San Marino, Vatican City, Montenegro, Kosovo, French Guiana, Réunion, Saint-Pierre et Miquelon, Guadeloupe, Martinique, Mayotte. ...
Even though Central African CFA Francs and West African CFA Francs have the same monetary value against other currencies, Western coins and banknotes are not accepted in countries using Central African CFA Francs, and vice versa. Name CFA stood for Colonies françaises d'Afrique ("French colonies of Africa") between 1945 and 1958, and then for Communauté française d'Afrique ("French community of Africa") between 1958 (establishment of the French Fifth Republic) and the independence of these African countries at the beginning of the 1960s. Since the time of their independence, CFA can have two meanings (see Institutions below). 1945 (MCMVL) was a common year starting on Monday (the link is to a full 1945 calendar). ...
1958 (MCMLVIII) was a common year starting on Wednesday of the Gregorian calendar. ...
1958 (MCMLVIII) was a common year starting on Wednesday of the Gregorian calendar. ...
The Fifth Republic is the fifth and current republican constitution of France, which was introduced on October 5, 1958. ...
History Creation The CFA franc was created on December 26, 1945, along with the CFP franc. The reason for the creation of these francs was the weakness of the French franc immediately after the Second World War. When France ratified the Bretton Woods Agreement in December 1945, the French franc was devalued in order to set a fixed exchange rate with the US dollar. New currencies were created in the French colonies to spare them the strong devaluation of December 1945. René Pleven, the French minister of finance, was quoted saying: "In a show of her generosity and selflessness, metropolitan France, wishing not to impose on her far-away daughters the consequences of her own poverty, is setting different exchange rates for their currency." December 26 is the 360th day of the year in the Gregorian Calendar, 361st in leap years. ...
1945 (MCMVL) was a common year starting on Monday (the link is to a full 1945 calendar). ...
The CFP franc (in French: franc Pacifique or franc CFP ; CFP stood for Colonies françaises du Pacifique (i. ...
French Franc. ...
This article is becoming very long. ...
Wikipedia does not have an article with this exact name. ...
1945 (MCMVL) was a common year starting on Monday (the link is to a full 1945 calendar). ...
French Franc. ...
A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ...
The United States dollar is the official currency of the United States. ...
French Colonies is the name used by philatelists to refer to the postage stamps issued by France for use in the parts of the French colonial empire that did not have stamps of their own. ...
1945 (MCMVL) was a common year starting on Monday (the link is to a full 1945 calendar). ...
René Pleven, French prime minister René Pleven (April 1901 - January 13, 1993) was a notable French politician of the Fourth Republic. ...
Exchange rate The CFA franc was created with a fixed exchange rate vs. the French franc. The exchange rate vs. the French franc was changed only twice: in 1948 and in 1994. French Franc. ...
French Franc. ...
1948 (MCMXLVIII) was a leap year starting on Thursday (the link is to a full 1948 calendar). ...
1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by United Nations. ...
Exchange rate: - December 26, 1945 to October 16, 1948 – 1 CFA franc = 1.70 FRF (FRF = French franc). This 0.70 FRF premium is the consequence of the creation of the CFA franc which spared the French African colonies the devaluation of December 1945 (before December 1945, 1 local franc in these colonies was worth 1 French franc).
- October 17, 1948 to December 31, 1959 – 1 CFA franc = 2.00 FRF (the CFA franc had followed the French franc's devaluation vs. the US dollar in January 1948, but on October 18, 1948 the French franc devalued again and this time the CFA franc was revalued against the French franc to offset almost all of this new devaluation of the French franc; after October 1948 the CFA was never revalued again vs. the French franc and followed all the successive devaluations of the French franc)
- January 1, 1960 to January 11, 1994 – 1 CFA franc = 0.02 FRF (January 1, 1960: the French franc revalued, with 100 'old' francs becoming 1 'new' franc)
- January 12, 1994 to December 31, 1998 – 1 CFA franc = 0.01 FRF (sharp devaluation of the CFA franc to help African exports)
- January 1, 1999 onward – 100 CFA franc = 0.152449 euro or 1 euro = 655.957 CFA franc. (January 1, 1999: euro replaced FRF at the rate of 6.55957 FRF for 1 euro)
The 1960 and 1999 events are merely changes in the currency in use in France: the relative value of the CFA franc vs. the French franc / euro changed only in 1948 and 1994. December 26 is the 360th day of the year in the Gregorian Calendar, 361st in leap years. ...
1945 (MCMVL) was a common year starting on Monday (the link is to a full 1945 calendar). ...
October 16 is the 289th day of the year (290th in leap years). ...
1948 (MCMXLVIII) was a leap year starting on Thursday (the link is to a full 1948 calendar). ...
1945 (MCMVL) was a common year starting on Monday (the link is to a full 1945 calendar). ...
October 17 is the 290th day of the year (291st in leap years) in the Gregorian calendar. ...
1948 (MCMXLVIII) was a leap year starting on Thursday (the link is to a full 1948 calendar). ...
December 31 is the 365th day of the year (366th in leap years) in the Gregorian Calendar. ...
1959 (MCMLIX) was a common year starting on Thursday of the Gregorian calendar. ...
October 18 is the 291st day of the year (292nd in leap years). ...
1948 (MCMXLVIII) was a leap year starting on Thursday (the link is to a full 1948 calendar). ...
January 1 is the first day of the calendar year in both the Julian and Gregorian calendars. ...
1960 (MCMLX) was a leap year starting on Friday (the link is to a full 1960 calendar). ...
January 11 is the 11th day of the year in the Gregorian calendar. ...
1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by United Nations. ...
January 1 is the first day of the calendar year in both the Julian and Gregorian calendars. ...
1960 (MCMLX) was a leap year starting on Friday (the link is to a full 1960 calendar). ...
January 12 is the 12th day of the year in the Gregorian calendar. ...
1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by United Nations. ...
December 31 is the 365th day of the year (366th in leap years) in the Gregorian Calendar. ...
1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ...
January 1 is the first day of the calendar year in both the Julian and Gregorian calendars. ...
1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ...
January 1 is the first day of the calendar year in both the Julian and Gregorian calendars. ...
1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ...
ISO 4217 Code EUR User(s) European Union; Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Andorra, Monaco, San Marino, Vatican City, Montenegro, Kosovo, French Guiana, Réunion, Saint-Pierre et Miquelon, Guadeloupe, Martinique, Mayotte. ...
1960 (MCMLX) was a leap year starting on Friday (the link is to a full 1960 calendar). ...
1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ...
Relative value is the attractiveness measured in terms of risk, liquidity, and return of one instrument relative to another, or for a given instrument, of one maturity relative to another. ...
1948 (MCMXLVIII) was a leap year starting on Thursday (the link is to a full 1948 calendar). ...
1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by United Nations. ...
The value of the CFA franc has been widely criticized as being too high, which many economists believe favors the urban elite of the African countries which can buy manufactured goods cheaply at the expense of the farmers who cannot easily export agricultural products. The devaluation of 1994 was an attempt to reduce the value of the CFA franc. 1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by United Nations. ...
Countries and other territories The Republic of Djibouti (جيبوتي) is a country in eastern Africa, located in the Horn of Africa. ...
National motto: A mare labor Official language French Capital Saint-Pierre President of the General Council Stéphane Artano Prefect Albert Dupuy Area â Total â % water 242 km² (93. ...
The franc was the independent currency of Mali between 1962 and 1984. ...
The ekwele or ekuele was the currency of Equatorial Guinea between 1975 and 1985. ...
The peso was the currency of Guinea Bissau from 1975 to 1997 and was divided into 100 centavos. ...
European Monetary Union In 1998 in anticipation of Economic and Monetary Union of the European Union, the Council of the European Union addressed the monetary agreements France has with the CFA Zone and Comoros and ruled that: In economics, a monetary union is a situation where several countries have agreed to share a single currency among them. ...
The Council of the European Union forms, along with the European Parliament, the legislative arm of the European Union (EU). ...
- the agreements are unlikely to have any material effect on the monetary and exchange rate policy of the Euro zone
- in their present forms and states of implementation, the agreements are unlikely to present any obstacle to a smooth functioning of economic and monetary union
- nothing in the agreements can be construed as implying an obligation for the European Central Bank (ECB) or any national central bank to support the convertibility of the CFA and Comorian francs
- modifications to the existing agreements will not lead to any obligations for the European Central or any national central bank
- the French Treasury will guarantee the free convertibility at a fixed parity between the euro and the CFA and Comorian francs
- the competent French authorities shall keep the European Commission, the European Central Bank and the Economic and Financial Committee informed about the implementation of the agreements and inform the Committee prior to changes of the parity between the euro and the CFA and Comorian francs
- any change to the nature or scope of the agreements would require Council approval on the basis of a Commission recommendation and ECB consultation
Monetary policy is the government or central bank process of managing money supply to achieve specific goalsâsuch as constraining inflation, maintaining an exchange rate, achieving full employment or economic growth. ...
The exchange rate regime is the way a country manages its currency in respect to foreign currencies and the foreign exchange market. ...
The Eurozone (also called Euro-area or Euroland) is the subset of European Union member states which have adopted the Euro (€) currency, creating a currency union. ...
This article covers the general information on the topic. ...
Headquarters Frankfurt, Germany Established 1 January 1998 President Jean-Claude Trichet Central Bank of Austria, Belgium, France, Finland, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain Currency Euro -ISO 4217 Code EUR Reserves >â¬4 billion Base borrowing rate 4. ...
ISO 4217 Code KMF User(s) Comoros Inflation rate 3% Source CIA World Fact Book, 2005 est. ...
ISO 4217 Code EUR User(s) European Union; Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Andorra, Monaco, San Marino, Vatican City, Montenegro, Kosovo, French Guiana, Réunion, Saint-Pierre et Miquelon, Guadeloupe, Martinique, Mayotte. ...
The European Commission (formally the Commission of the European Communities) is the executive body of the European Union. ...
Institutions Strictly speaking, there actually exist two different currencies called 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. These two CFA francs have the same exchange rate with the euro (1 euro = 655.957 XOF = 655.957 XAF), and they are both guaranteed by the French treasury (Trésor public), but the West African CFA franc cannot be used in Central African countries, and the Central Africa CFA franc cannot be used in West African countries. ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...
ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...
The Trésor public (Public treasury) is the national administration of the Treasury in France. ...
West African The West African CFA franc (XOF) is just known in French as the Franc CFA, where CFA stands for Communauté financière d'Afrique ("Financial Community of Africa"). It is issued by the BCEAO (Banque Centrale des États de l'Afrique de l'Ouest, i.e. "Central Bank of the West African States"), located in Dakar, Sénégal, for the 8 countries of the UEMOA (Union Économique et Monétaire Ouest Africaine, i.e. "West African Economic and Monetary Union"): (City of Dakar, divided into 19 communes darrondissement) City proper (commune) Région Dakar Département Dakar Mayor Pape Diop (PDS) (since 2002) Area 82. ...
The Republic of Senegal is a country south of the Senegal River in West Africa. ...
States of UEMOA The West African Economic and Monetary Union (or UEMOA from its name in French, Union économique et monétaire ouest-africaine) is an organization of states of West Africa established to promote economic integration among countries that share a common currency, the CFA franc. ...
These 8 countries have a total population of 75.5 million inhabitants (2003) and a combined GDP of 36.96 billion USD in 2003. This is about the same population and GDP as Vietnam. The Republic of Senegal is a country south of the Senegal River in West Africa. ...
2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...
2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...
In 2004, the 1994 series of West African banknotes were switched for a new series. These new notes have updated security features, and are more modern in design. The switch has also been welcomed by some because of the perception that the old bills were dirty and disease-ridden (1). Despite this, there are fears that those living in rural regions will not hear of the changeover, and as a result, will lose their savings when the older series notes are demonetarized. As well, the color of the 5,000 CFA bill was changed from blueish to green, which could leave open the possiblility of the illiterate being shortchanged when switching from the old to the new series. 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...
The anglophone states of Gambia, Ghana, Nigeria, and Sierra Leone, and the francophone state of Guinea, have formed the West African Monetary Zone (WAMZ) and will introduce a common currency, the Eco, on 1 December 2009. Liberia is also set to join this monetary zone, and the ultimate goal is to unite the UEMOA and the WAMZ to form a single West African monetary zone. States of WAMZ Light green: interested in joining The Eco is the proposed name for the common currency the West African Monetary Zone plans to introduce by 2009 in the framework of ECOWAS. See Also West African Economic and Monetary Union (UEMOA) Economic and Monetary Community of Central Africa (CEMAC...
States of WAMZ Light green: interested in joining The Eco is the proposed name for the common currency the West African Monetary Zone plans to introduce by 2009 in the framework of ECOWAS. Category: ...
December 1 is the 335th (in leap years the 336th) day of the year in the Gregorian calendar. ...
2009 (MMIX) will be a common year starting on Thursday of the Gregorian calendar. ...
Staates of UEMOA The West African Monetary Union (or UEMOA from its name in French, Union économique et monétaire ouest-africaine) is an organization of states of West Africa established to promote economic integration among countries that share a common currency, the CFA Franc. ...
The West African Monetary Zone is a group of 5 countries in ECOWAS that plan to introduce a common currency, the Eco (currency) by the year 2009. ...
Mauritania, a former French colony in West Africa, uses the Mauritanian ouguiya and not the CFA franc. 2000 MRO issued in 2004 The ouguiya (Arabic: Ø£ÙÙÙØ©; ISO 4217: MRO) is the currency of Mauritania. ...
Central African The Central Africa CFA franc (XAF) is just known in French as the Franc CFA, where CFA stands for Coopération financière en Afrique centrale ("Financial Cooperation in Central Africa"). It is issued by the BEAC (Banque des États de l'Afrique Centrale, i.e. "Bank of the Central African States"), located in Yaounde, Cameroon, for the 6 countries of the CEMAC (Communauté Économique et Monétaire de l'Afrique Centrale, i.e. "Economic and Monetary Community of Central Africa"): Categories: Africa geography stubs | Capitals in Africa | Cities in Cameroon ...
States of CEMAC The Economic and Monetary Community of Central Africa (or CEMAC from its name in French, Communauté Ãconomique et Monétaire de lAfrique Centrale) is an organization of states of Central Africa established to promote economic integration among countries that share a common currency, the CFA franc. ...
These 6 countries have a total population of 34.15 million inhabitants (2003) and a combined GDP of 28.3 billion USD in 2003. This is about the same population as Tanzania, and the same GDP as Kazakhstan. 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...
2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...
Interestingly, in 1975, Central African CFA banknotes were issued with an obverse unique to each participating country, and common reverse, in a fashion similar to euro coins. Equatorial Guinea, the only former Spanish colony in the zone, adopted the CFA in 1984. Current XAF/XOF exchange rates AUD | CAD | EUR | GBP | INR | NZD | USD See also The economy of Africa consists of the trade, industry, and resources of the peoples of Africa. ...
ISO 4217 Code KMF User(s) Comoros Inflation rate 3% Source CIA World Fact Book, 2005 est. ...
Currently there are several currencies pegged to the euro, some with fluctuation bands around a central rate and others with no fluctuations allowed around the central rate. ...
The CFP franc (in French: franc Pacifique or franc CFP ; CFP stood for Colonies françaises du Pacifique (i. ...
External links The English language is a West Germanic language that originates in England. ...
November 23 is the 327th day of the year (328th in leap years) in the Gregorian Calendar, with 38 days remaining. ...
1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ...
PDF is an abbreviation with several meanings: Portable Document Format Post-doctoral fellowship Probability density function There also is an electronic design automation company named PDF Solutions. ...
West African Central African Other
The franc (ISO 4217 code is BIF) is the currency of Burundi. ...
The CFP franc (in French: franc Pacifique or franc CFP ; CFP stood for Colonies françaises du Pacifique (i. ...
ISO 4217 Code KMF User(s) Comoros Inflation rate 3% Source CIA World Fact Book, 2005 est. ...
The Congolese Franc is the currency of the Democratic Republic of Congo. ...
500 Djibouti Franc note The Djiboutian franc is a currency used in the African nation of Djibouti. ...
The Guinean franc (French: franc guinéen) is the currency used in the African nation of Guinea. ...
The Rwandan franc is a currency used in the African nation of Rwanda. ...
ISO 4217 Code CHF User(s) Switzerland, Liechtenstein Inflation rate 1. ...
The UIC Franc is a currency unit used by the Union Internationale de Chemins des fer (in English, the International Union of Railways). ...
An Algerian 5 franc note issued in 1939. ...
The Belgian franc (Dutch Belgische frank, French franc belge) was the currency of Belgium, before the adoption of the euro. ...
The franc was the currency of Cambodia between 1875 and 1885. ...
French Franc. ...
The franc (also franc katangais) was the separate currency of Katanga between 1960 and 1962. ...
The Gold Franc was the unit of account for the Bank for International Settlements from 1930 until April 1, 2003. ...
The franc was the currency of Luxembourg between 1854 and 1999 (except during the period 1940 and 1944). ...
The Malagasy franc is the defunct currency of Madagascar. ...
The franc was the independent currency of Mali between 1962 and 1984. ...
The Monégasque franc was one of the official currencies of the Principality of Monaco until 2002, when it changed to the Euro. ...
The franc became the currency of French Morocco in 1921. ...
This article needs to be wikified. ...
100 Saar franken coin The franc or frank was the currency of Saar between 1918 and 1935, during the French League of Nations mandate, and again between 1954 and 1957 in the Saar protectorate. ...
The franc was the currency of Tunisia between 1891 and 1960. ...
The Frank was a currency of the Kingdom of Westphalia between 1808 and 1813. ...
| Currencies of Africa | | North | Algerian dinar | Euro (Plaza de soberanía) | Egyptian pound | Libyan dinar | Mauritanian ouguiya | Moroccan dirham | Sudanese dinar | Sudanese pound | Tunisian dinar | | Central | Angolan kwanza | Burundian franc | Central African CFA franc (Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon) | Congolese franc | Rwandan franc | | West | Cape Verdean escudo | Euro (Canary Islands, Madeira) | Gambian dalasi | Ghanaian cedi | Guinean franc | Liberian dollar | Nigerian naira | São Tomé and Príncipe dobra | Sierra Leonean leone | West African CFA franc (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo) | | East | Comorian franc | Djiboutian franc | Eritrean nakfa | Ethiopian birr | Kenyan shilling | Seychelles rupee | Somali shilling | Somaliland shilling | Tanzanian shilling | Ugandan shilling | | South | Botswana pula | Euro (Mayotte, Réunion) | Lesotho loti | Malawian kwacha | Malagasy ariary | Mauritian rupee | Mozambican metical | Namibian dollar | Norwegian krone (Bouvet Island de jure) | Saint Helena pound | South African rand | Swazi lilangeni | Zambian kwacha | Zimbabwean dollar | | | |