CFA Franc

CFA Franc

The West African CFA franc (French: franc CFA; Portuguese: franco CFA or simply franc, ISO 4217 code: XOF) is the currency of eight independent states in West Africa: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo. These eight countries had a combined population of 105.7 million people in 2014, and a combined GDP of US$78.4 billion (as of 2012).The acronym CFA stands for Communauté Financière d'Afrique ("Financial Community of Africa") or Communauté Financière Africaine ("African Financial Community"). The currency is issued by the BCEAO (Banque Centrale des États de l'Afrique de l'Ouest, "Central Bank of the West African States"), located in Dakar, Senegal, for the members of the UEMOA (Union Économique et Monétaire Ouest Africaine, "West African Economic and Monetary Union"). The franc is nominally subdivided into 100 centimes but no centime denominations have been issued. The Central African CFA franc is of equal value to the West African CFA franc, and is in circulation in several central African states. They are both the CFA franc.

Nigerian Naira

Nigerian Naira

The naira (sign: ₦; code: NGN) is the currency of Nigeria. It is subdivided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Nigerian Federation. It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency & Branch Operations Department of the CBN is in charge of currency management, through the procurement, distribution/supply, processing, reissue and disposal/disintegration of bank notes and coins.

20 CFA Franc to Nigerian Naira exchange rates chart

20 CFA Franc to Nigerian Naira exchange rates graph
20 XOF to NGN exchange rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

20 CFA Franc to Nigerian Naira exchange rates FAQs

What is 20 XOF to NGN?

The meaning of 20 XOF to NGN is to exchange 20 CFA Franc to Nigerian Naira by applying the latest currency rate on the market. The actual exchange rates you can get vary between different bureau de changes. Forex.gg is offering inter-market exchange rates to convert 20 XOF to NGN on the chart below.

Who can exchange 20 XOF to NGN?

Anyone with 20 CFA Franc can find a local bank or a bureau de change to convert into CFA Franc. However, if neither XOF nor NGN is the local currency. It might be quite difficult to find a local broker to faciliate the exchange. That's why Forex.gg is offering details about local forex brokers to save the time of searching around for the right broker.

When to exchange 20 XOF to NGN?

Due to the nature of the forex market, the exchange rates for 20 XOF to NGN is changing all the time in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. So the currency rate you see in this page may change any minute. It's better to lock in the exchange rates with your local broker so that you won't be affected for any future rate changes.

Why do I want to convert 20 XOF to NGN?

Most likely you are traveling and want to get some Nigerian Naira cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 20 CFA Franc to Nigerian Naira. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 20 XOF to NGN?

Usually you can find a local bank, post office or bureau de change to exchange 20 XOF to NGN. But you will soon find out that the exchange rates you can find at all thoses places vary by a lot. It's better to be prepared before hand and do your research about the local forex brokers. That's the exact reason why Forex.gg is doing the homework for you to find the best local bureau de change to avoid being ripped off. All you need to do is input the amount of Nigerian Naira you wnat to buy or sell and we will show you where to find the best rate. No forex exchange commissions or fees required!

How to exchange 20 XOF to NGN?

Use the tool we provided here to find the best exchange rates for 20 CFA Franc to Nigerian Naira. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 20 XOF in hand and exchange the cash you want in store or online. It's just that simple with no fees or commissions from Forex.gg!

20 CFA Franc to Nigerian Naira exchange rates table

Exchange XOF to NGN
20 CFA Franc = 12.232 Nigerian Naira
40 CFA Franc = 24.464 Nigerian Naira
100 CFA Franc = 61.161 Nigerian Naira
200 CFA Franc = 122.321 Nigerian Naira
Exchange CFA Franc to Nigerian Naira
20 CFA Franc to Nigerian Naira Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

20 CFA Franc to Nigerian Naira news tweets

20 XOF to NGN added 1 tweet
2020-01-12 04:48:27 UTC
RT @Adimbola: #francafrique il ne manquait plus que le recrutement du Perv et le faire rentrer en action pour soutenir le détourn… https://t.co/pM0aH0OD9t
20 XOF to NGN added 1 tweet
2020-01-12 04:37:42 UTC
RT @AfricaFactsZone: Benin, Burkina Faso, Guinea-Bissau, Cote d'Ivoire, Mali, Niger, Senegal and Togo will no longer use the CFA Franc.… https://t.co/pdobNSUu2Q
20 XOF to NGN added 1 tweet
2020-01-12 04:36:31 UTC
Dominique Strauss-Kahn : "Il était temps d’en finir avec le franc CFA" https://t.co/yONNj18XnG via @flabarre
20 XOF to NGN added 1 tweet
2020-01-12 04:07:50 UTC
RT @Adimbola: #francafrique il ne manquait plus que le recrutement du Perv et le faire rentrer en action pour soutenir le détourn… https://t.co/pM0aH0OD9t
20 XOF to NGN added 1 tweet
2020-01-12 04:01:32 UTC
RT @EssianeNelson: Fin du #FCFA d'afrique de l'Ouest, quel avenir pour l'#ECO? Une note du #FERDI très intéressante à lire.… https://t.co/hbdQexaYhw
20 XOF to NGN added 1 tweet
2020-01-12 04:31:11 UTC
RT @the_lopetee: The 2019 Nigerian national anthem, Soapy wins the VIEWERS CHOICE AWARD Naira Marley's first award 🙌🙌 #SoundCityMVP2020
20 XOF to NGN added 1 tweet
2020-01-12 04:28:21 UTC
RT @the_lopetee: The 2019 Nigerian national anthem, Soapy wins the VIEWERS CHOICE AWARD Naira Marley's first award 🙌🙌 #SoundCityMVP2020
20 XOF to NGN added 1 tweet
2020-01-12 04:23:03 UTC
RT @the_lopetee: The 2019 Nigerian national anthem, Soapy wins the VIEWERS CHOICE AWARD Naira Marley's first award 🙌🙌 #SoundCityMVP2020
20 XOF to NGN added 1 tweet
2020-01-12 04:20:42 UTC
RT @the_lopetee: The 2019 Nigerian national anthem, Soapy wins the VIEWERS CHOICE AWARD Naira Marley's first award 🙌🙌 #SoundCityMVP2020
20 XOF to NGN added 1 tweet
2020-01-12 04:11:12 UTC
RT @the_lopetee: The 2019 Nigerian national anthem, Soapy wins the VIEWERS CHOICE AWARD Naira Marley's first award 🙌🙌 #SoundCityMVP2020

20 CFA Franc to Nigerian Naira news videos

relationship between France and his former coloniesdid you know the French central bank still have full control of the ...
In the 1950s and 60s, France decided the French colonies of Africa to become independent. Although the Paris government ...
Gruppenfoto: die V4-Ministerpräsidenten mit Italiens Premierminister Giuseppe Contehttps://www.facebook.com/214827221987263 ...
cfa franc to withdraw it reverse from france ,african guide tv guides lines for African at home and in the diaspora for the ...
hi guys in this video i will show u the other countries money in indian rupees.subscribe for more videos.
https://www.canada.ca/en/immigration-refugees-citizenship... ...
Picked up these neat world banknotes from Nigeria, Madagascar, and Venezuela from a stall in Oxford. Be sure to subscribe for ...
Nigeria's Naira traded firmer on the interbank forex market on Wednesday, after the Central Bank sold dollars to try and ease ...
MORE THAN 1 MILLION NIGERIANS SEARCH FOR THIS HOW TO MAKE MONEY ONLINE DAILY.THIS IS JUST A SHOT VIDEO TO SHOW YOU THAT ITS ...

20 CFA Franc to Nigerian Naira news texts

Macron's Francafrique

President Emmanuel Macron was born after the end of colonialism but he very much displays colonial thinking.

over 2 years indicative neutral
An activist set fire to a CFA note and reignited a debate on France’s hold on Francophone Africa
An activist set fire to a CFA note and reignited a debate on France’s hold on Francophone Africa

A divisive decision by an activist to set a CFA note on fire in Senegal has reignited a debate on the common currency and the influence France still holds over francophone Africa. Kemy Seba set fire to a 5,000 CFA note (equivalent to $9.20) on Aug. 19, in protest over "Francafrique"—France’s continued political and economic...

over 2 years indicative negative
Why Some Africans Are Uncomfortable with CFA Franc

The CFA franc was established by France for purposes of serving as a legal tender in its African colonies, but years after the French administration left the continent, CFA franc continues to influence the West and Central African regions.

over 2 years indicative neutral
“There is no reason to fear a possible devaluation of the CFA franc,” Abbas Mahamat Tolli, governor of Beac

At the end of the 3rd session of the BEAC Monetary Policy Committee (MPC) for the year 2018, held on 31 October 2018 in the Cameroonian capital, the

about 1 year indicative neutral
Nigeria’s naira has become the punchline to a bad joke thanks to its central bank governor
Nigeria’s naira has become the punchline to a bad joke thanks to its central bank governor

In episode 5 (Season 2) of the hit Showtime television series, “Billions”, the lead character Bobby Axelrod, a hedge fund manager (played by Damian Lewis), has lost money in his fund for the quarter and has three days to dramatically get the fund back to profit before the quarter closes out. And what’s his risky gamble?...

almost 3 years indicative neutral

20 CFA Franc to Nigerian Naira currency converter

20 CFA Franc to Nigerian Naira exchange rates

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