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Central African CFA franc information


Central African CFA franc
Franc CFA de l'Afrique centrale (French)
فرنك م ف أ وسط أفريقيا (Arabic)
Franco CFA de África Central (Spanish)
1000 Central African CFA francs, since December 2022.Currency coins of the Central African CFA franc.
ISO 4217
CodeXAF (numeric: 950)
Unit
SymbolF.CFA
Nicknamecéfa, franc
Denominations
Subunit
1100centime
theoretical (unused)
Symbol
 centimec
Banknotes500, 1,000, 2,000, 5,000, 10,000 francs
Coins1, 2, 5, 10, 25, 50, 100, 500 francs
Demographics
User(s)Central African CFA franc Cameroon
Central African CFA franc Central African Republic
Central African CFA franc Chad
Central African CFA franc Equatorial Guinea
Central African CFA franc Gabon
Central African CFA franc Republic of the Congo
Issuance
Central bankBank of Central African States
 Websitewww.beac.int
Valuation
Pegged with€1 = F.CFA 655.957
Usage of:
  West African CFA franc
  Central African CFA franc

The Central African CFA franc (French: franc CFA or simply franc; ISO code: XAF; abbreviation: F.CFA) is the currency of six independent states in Central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. These six countries have a combined population of 55.2 million people (as of 2020),[1] and a combined GDP of over US$100 billion (as of 2021).[2]

CFA originally stood for Colonies françaises d'Afrique ("French colonies of Africa"); following the independence of these states, its name was changed to Coopération financière en Afrique centrale ("Financial Cooperation in Central Africa"). The currency is issued by the Bank of Central African States (BEAC; Banque des États de l'Afrique Centrale), located in Yaoundé, Cameroon, for the members of the Economic and Monetary Community of Central Africa (CEMAC; Communauté Économique et Monétaire de l'Afrique Centrale). The franc is nominally subdivided into 100 centimes but no centime denominations have been issued. The production of CFA franc notes has been carried out at Chamalières by the Bank of France since its creation in 1945.

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

  1. ^ Population Reference Bureau. "2014 World Population Data Sheet" (PDF). Prb.org. Archived (PDF) from the original on 2018-02-18. Retrieved 2017-08-25.
  2. ^ World Bank. "Gross domestic product 2012" (PDF). Databank.worldbank.org. Archived (PDF) from the original on 2017-02-01. Retrieved 2013-10-01.

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