West African CFA franc
franc CFA BCEAO (French) | |
---|---|
ISO 4217 | |
Code | XOF (numeric: 952) |
Unit | |
Symbol | F.CF |
Nickname | céfa, franc |
Denominations | |
Subunit | |
1⁄100 | centime theoretical (unuse) |
Symbol | |
centime | c |
Banknotes | 500, 1,000, 2,000, 5,000, 10,000 francs |
Coins | 1, 5, 10, 25, 50, 100, 200, 250, 500 francs |
Demographics | |
User(s) | Benin Burkina Faso Côte d'Ivoire Guinea-Bissau Mali Niger Senegal Togo |
Issuance | |
Central bank | Central Bank of West African States |
Website | www |
Valuation | |
Pegged with | Euro (€) = CFA 655.957 |
The West African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XOF; abbreviation: F.CFA) is the currency used by eight independent states in West Africa which make up the West African Economic and Monetary Union: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. These eight countries had a combined population of 105.7 million people in 2014,[1] and a combined GDP of US$128.6 billion as of 2018.[update][citation needed]
The initialism CFA stands for Communauté Financière Africaine ('African Financial Community').[2] The currency is issued by the Central Bank of West African States (BCEAO; [Banque Centrale des États de l'Afrc notes has been carried out at Chamalières by the Bank of France since its creation in 1945.
The Central African CFA franc is of equal value to the West African CFA franc, and is in circulation in several central African states. They are both commonest Afri ] Error: {{Lang}}: invalid parameter: |3= (help)
- ^ Population Reference Bureau. "2014 World Population Data Sheet" (PDF).
- ^ "Présentation" (in French). Central Bank of West African States. Archived from the original on 2013-10-05. Retrieved July 14, 2012. (in French)