Central African CFA franc
Currency of several Central African countries
Central African CFA franc
The Central African CFA franc (French: franc CFA or simply franc; ISO code: XAF; abbreviation: F.CFA) is the currency used in six independent states in Central Africa: Cameroon, the Central African Republic, Chad, the Republic of the Congo, Equatorial Guinea and Gabon. These six countries had a combined population of 55.2 million in 2020, and their total GDP exceeded US$100 billion (as of 2021). CFA originally stood for Colonies françaises d'Afrique ("French colonies of Africa"); after these states gained independence, its name was changed to Communauté financière africaine ("African Financial Community"). The currency is issued by the Bank of Central African States (BEAC; Banque des États de l'Afrique Centrale), located in Yaoundé, Cameroon, for members of the Economic and Monetary Community of Central Africa (CEMAC; Communauté économique et monétaire de l'Afrique centrale). Although the franc is officially divided into 100 centimes, no centime-denominated coins have been issued. Since...
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