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. These six countries have a combined population of 48.0 million people (as of 2014), and a combined GDP of US$88.2 billion (as of 2012).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.
1 XAF to USD exchange rates chart
Central African CFA Franc BEAC exchange rates table
Opinion - We always accuse the leaders of African countries of being corrupt and of not working in the interest of their citizens. However, even if they wanted to be honest leaders, they would not be able to do so.