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Encyclopedia > Central African CFA franc
Central African CFA franc
franc CFA BEAC (French)
1,000 Central African CFA francs
1,000 Central African CFA francs
ISO 4217 Code XAF
User(s) Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, Gabon
Pegged with euro = CFA655.957
Subunit
1/100 centime
Symbol CFA
centime c
Nickname céfa, franc
Coins CFA1, CFA2, CFA5, CFA10, CFA25, CFA50, CFA100, CFA500
Banknotes CFA500, CFA1000, CFA2000, CFA5000, CFA10000
Central bank Banque des États de l'Afrique Centrale
Website www.beac.int

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"): 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. ... For other uses, see Euro (disambiguation) or EUR (disambiguation). ... 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. ... Headquarters Yaounde, Cameroon Established 1972 President Jean-Félix Mamalepot Central Bank of Economic and Monetary Community of Central Africa Currency Central African CFA franc ISO 4217 Code XAF Website www. ... Headquarters Yaounde, Cameroon Established 1972 President Jean-Félix Mamalepot Central Bank of Economic and Monetary Community of Central Africa Currency Central African CFA franc ISO 4217 Code XAF Website www. ... 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 Économique 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. ...

Member countries
Member countries

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. Image File history File links Africa-countries-CEMAC.png Description: Map of African Countries of CEMAC Beschreibung: Karte von afrikanischen Ländern der CEMAC old image originally from Wikimedia Commons Image:BlankMap-Africa. ... Image File history File links Africa-countries-CEMAC.png Description: Map of African Countries of CEMAC Beschreibung: Karte von afrikanischen Ländern der CEMAC old image originally from Wikimedia Commons Image:BlankMap-Africa. ...

Contents

History

Equatorial Guinea, the only former Spanish colony in the zone, adopted the CFA in 1984.


Coins

Second most recent coin series
Second most recent coin series


Image File history File links Size of this preview: 800 × 267 pixel Image in higher resolution (1000 × 334 pixel, file size: 110 KB, MIME type: image/jpeg) Despite what the file name suggests, this file is not the latest coin series as of 2006. ... Image File history File links Size of this preview: 800 × 267 pixel Image in higher resolution (1000 × 334 pixel, file size: 110 KB, MIME type: image/jpeg) Despite what the file name suggests, this file is not the latest coin series as of 2006. ...


Banknotes

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.

Current XAF exchange rates
Use Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
Use XE.com: AUD CAD CHF EUR GBP HKD JPY USD
Use OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD

External links

  • (French) Communauté Economique et Monétaire de l'Afrique Centrale (Official Site of the Economic and Monetary Community of Central Africa)

  Results from FactBites:
 
Euro - Encyclopedia, History, Geography and Biography (6552 words)
The euro is the sole currency in Austria, Belgium, France, Finland, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.
Another factor in the early decline of the euro was that many investors and central banks sold large portions of their legacy (national) currency holdings once the irrevocable exchange rates were set, as the goal of holding multiple currencies is to dampen losses when one currency falls.
Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon)
  More results at FactBites »


 

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