| West African CFA franc | |
|---|---|
| Banknotes | 500, 1,000, 2,000, 5,000, 10,000 francs CFA |
| Coins | 1, 5, 10, 25, 50, 100, 200, 250, 500 francs CFA |
| Demographics | |
| User(s) | Benin Burkina Faso Guinea-Bissau Ivory Coast Mali Niger Senegal Togo |
What does FCFA currency stand for?
West African CFA franc
The West African CFA franc (XOF) is known in French as the Franc CFA, where CFA stands for Communauté financière d’Afrique (‘Financial Community of Africa’) or Communauté Financière Africaine (“African Financial Community”).
Where is the FCFA printed?
It is issued by the Bank of Central African States (BEAC; Banque des États de l’Afrique Centrale), located in Yaoundé, Cameroon, for the members of the Economic and Monetary Community of Central Africa (CEMAC; Communauté Économique et Monétaire de l’Afrique Centrale).
How many African countries use CFA?
14 countries
The CFA franc zone consists of 14 countries in sub-Saharan Africa, each affiliated with one of two monetary unions.
What is the name of Niger money?
Niger/Currencies
How many countries are Africa?
54 countries
There are 54 countries in Africa today, according to the United Nations. The full list is shown in the table below, with current population and subregion (based on the United Nations official statistics).
What is money called in Cameroon?
Central African CFA franc
Cameroon/Currencies
The XAF (Central African CFA Franc), backed by the French treasury and pegged to the euro, is the official currency of six central African countries.
Does France own the CFA?
In return for guaranteeing the currency, France holds 50 percent of the foreign exchange reserves of the C.F.A.
Where does the Central African CFA come from?
Central African CFA franc. 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, “Bank of the Central African States”), located in Yaoundé, Cameroon, for the members of the CEMAC…
When did they start making CFA franc coins?
2006 saw a redesign of all denominations of coins for the CFA franc, along with the introduction of a 2-franc piece. The 1, 5, 10, and 25 franc coins were reduced in size, while a new bi-metallic 100 franc coin was introduced, along with a new and reduced size 500 franc coin with heightened security features, including laser marking.
Where are the CFA franc found in the world?
1 Cameroon 2 Central African Republic 3 Chad 4 Congo-Brazzaville 5 Equatorial Guinea 6 Gabon
What are the denominations of the CFA franc?
Notes were issued in denominations of 5, 10, 20, 50, 100 and 1000 francs, followed by those of 500 francs in 1949, and 5000 francs in 1952. In 1957, the Institut d’Emission de l’Afrique Equatoriale Française et du Cameroun took over paper money production, issuing all of the earlier denominations except for the 5000-franc bill.
