CFA franc

African coins

CFA franc is the name of two currencies:

The West African CFA franc is the currency of eight countries in West Africa: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Sénégal and Togo.

The Central African CFA franc is the currency of six countries in Central Africa: Cameroon, the Central African Republic, Chad, the Republic of the Congo, Equatorial Guinea and Gabon.

Use of CFA franc. Green: West African CFA franc. Red: Central African CFA franc.

The Central African CFA franc has the same value as the West African CFA franc.

CFA means Communauté Financière d'Afrique ("Financial Community of Africa") or Communauté Financière Africaine ("African Financial Community").

The pegging of the CFA franc to the euro is considered by some as a guarantee of stability, while others equate it with voluntary servitude.

References

  1. ↑ "Latest". Archived from the original on 2017-10-29. Retrieved 2016-04-07.
  2. ↑ "BCEAO - Présentation". Archived from the original on 2016-05-05. Retrieved 2016-04-07.
  3. ↑ "Le franc CFA, une monnaie désuète?". dw.com. 2 May 2025. Retrieved 2 May 2025.