Central African CFA Franc - XAF


Central African CFA Franc - XAF

The currency of six independent states in central Africa. The Central African CFA franc uses both coins and banknotes, and is subdivided into centimes. The currency is regulated by the Bank of Central African States. Members include Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon.

CFA stands for "Communatué financière d'Afrique" (African Financial Community).

Along with the West African CFA franc, the Central African CFA franc makes up the currency of most of central and west Africa. It was introduced after the second world war and replaced the French Equatorial African franc. It is now pegged to the euro.


Investment dictionary. . 2012.

Look at other dictionaries:

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  • West African CFA Franc - XOF — The currency of eight independent states in West Africa. The West African CFA franc uses both coins and banknotes, with the franc being subdivided into centimes. The currency is regulated by Central Bank of West African States. The members that… …   Investment dictionary

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  • Bank Of Central African States — The central bank serving the Economic and Monetary Community of Central Africa (CEMAC). CEMAC consists of six countries, Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon and the Republic of the Congo, and it is a member of… …   Investment dictionary


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