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What is the CFA franc?
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Sep 20, 2022 · CFA stands for Communauté financière d'Afrique or African Financial Community. In 2019, the CFA Franc was officially renamed the "Eco." Key Takeaways. The CFA franc, backed by the...
The CFA franc (French: franc CFA, [fʁɑ̃ seɛfɑ]), or Franc of the Financial Community of Africa (French: franc de la Communauté financière africaine; originally the Franc of the French Colonies in Africa, French: franc des Colonies françaises d'Afrique; colloquially franc; abbreviation: F.CFA), is the name of two currencies, the West ...
Dec 7, 2019 · The CFA franc monetary system is designed to guarantee the franc currency in international markets, while simultaneously preventing overdraft and inflation in CFA member...
See all events. All information concerning the CFA franc, the common currency of 14 African countries members of the franc zone.
The CFA franc, which stands for Communauté financière d’Afrique or African Financial Community, refers to a monetary system encompassing two distinct currencies: the Central African CFA franc (XAF) and the West African CFA franc (XOF).
Feb 19, 2012 · CFA is the acronym for Communauté Financière Africaine (African Financial Community). The CFA franc stands for the West African CFA franc and the Central African CFA franc, two currencies that, even though separate, are in practice interchangeable and which have a fixed exchange rate to the euro.
The initialism CFA stands for Communauté Financière Africaine ('African Financial Community'). The currency is issued by the Central Bank of West African States (BCEAO; Banque Centrale des États de l'Afrique de l'Ouest), located in Dakar, Senegal, for the members of the UEMOA.
