The CFA franc (in French: franc CFA, "cé éfa", or just franc colloquially) is a currency used in fourteen countries: twelve formerly French-ruled African countries, as well as in Guinea-Bissau (a former Portuguese colony) and in Equatorial Guinea (a former Spanish colony). The ISO currency codes are XAF for the Central African CFA franc and XOF for the West African CFA franc.
It has a fixed exchange rate to the euro: 100 CFA francs = 1 French (no...
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The CFA franc (in French: franc CFA, "cé éfa", or just franc colloquially) is a currency used in fourteen countries: twelve formerly French-ruled African countries, as well as in Guinea-Bissau (a former Portuguese colony) and in Equatorial Guinea (a former Spanish colony). The ISO currency codes are XAF for the Central African CFA franc and XOF for the West African CFA franc.
It has a fixed exchange rate to the euro: 100 CFA francs = 1 French (nouveau) franc = 0.152449 euro; or 1 euro = 655.957 CFA francs.
Although Central African CFA francs and West African CFA francs have the same monetary value against other currencies, West African CFA coins and banknotes are not accepted in countries using Central African CFA francs, and vice versa.
Between 1945 and 1958, CFA stood for Colonies françaises d'Afrique ("French colonies of Africa"); then for Communauté française d'Afrique ("French community of Africa") between 1958 (establishment of the French Fifth Republic) and the independence of...
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