Central African CFA franc : Ask Biography

Currency

Local name

franc CFA BEAC

ISO 4217 Code

XAF

Official user

Cameroon Cameroon
Central African Republic Central African Republic
Chad Chad
Republic of the Congo Republic of the Congo
Equatorial Guinea Equatorial Guinea
Gabon Gabon

ERM

Pegged with

euro=CFA 655.957

Subunit

1/100

centime

Symbol

FCFA

Coins and Banknotes

Central bank

Bank of Central African States

Home | Currency | Central African CFA franc

The Central African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XAF) is the currency of six independent states in central Africa, Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. CFA stands for Coopération financière en Afrique centrale ("Financial Cooperation in Central Africa"). It is issued by the BEAC (Banque des États de l'Afrique Centrale, "Bank of the Central African States"), located in Yaoundé, Cameroon, for the members of the CEMAC (Communauté Économique et Monétaire de l'Afrique Centrale, "Economic and Monetary Community of Central Africa"). The franc is nominally subdivided into 100 centimes but no centime denominations have been issued.

In several west African states, the West African CFA franc, which is of equal value to the Central African CFA franc, is in circulation.