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West African CFA franc

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West African CFA franc
franc CFA BCEAO (French)
Current coins of the West African CFA franc
ISO 4217
CodeXOF (numeric: 952)
Unit
SymbolF.CF
Nicknamecéfa, franc
Denominations
Subunit
1100centime
theoretical (unuse)
Symbol
centimec
Banknotes500, 1,000, 2,000, 5,000, 10,000 francs
Coins1, 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 bankCentral Bank of West African States
 Websitewww.bceao.int
Valuation
Pegged withEuro (€) = CFA 655.957
Usage of:
  West African CFA franc
  Central African CFA franc

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.[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)

  1. ^ Population Reference Bureau. "2014 World Population Data Sheet" (PDF).
  2. ^ "Présentation" (in French). Central Bank of West African States. Archived from the original on 2013-10-05. Retrieved July 14, 2012. (in French)