HomeUSD / XAF • Currency
Follow
USD / XAF
Previous close
615.17
Market news
About Central African CFA franc
The Central African CFA franc is the currency of six independent states in Central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. These six countries have a combined population of 55.2 million people, and a combined GDP of over US$100 billion.
CFA originally stood for Colonies françaises d'Afrique; following the independence of these states, its name was changed to Coopération financière en Afrique centrale. The currency is issued by the Bank of Central African States, located in Yaoundé, Cameroon, for the members of the Economic and Monetary Community of Central Africa. The franc is nominally subdivided into 100 centimes but no centime denominations have been issued. The production of CFA franc notes has been carried out at Chamalières by the Bank of France since its creation in 1945.
In several west African states, the West African CFA franc, which is of equal value to the Central African CFA franc, is in circulation. Wikipedia