Central African CFA Franc BEAC

Central African CFA Franc BEAC

Central African CFA Franc BEAC overview

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

XAF to  exchange rates chart

Central African CFA Franc BEAC news

Currency Codes

currency codes

about 2 months indicative neutral
Macron's Franco-Senegalese advisor making waves | DW | 15.05.2017

Following his victory, French President Emmanuel Macron's communications advisor has been recognized as a key component of Macron's success, and is even considered a role model to young African women.

about 2 months indicative positive
Africa: France Still Robbing and Stealing From It's "Former" African Colonies

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.

about 2 months conditional positive
“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

2 months indicative neutral
Lagarde Calls for Diversification of Central Africa's Resources

IMF managing director's three-day visit to Cameroon comes at time when war against terrorism and CAR crisis have negatively impacted region's economies

over 1 year conditional neutral
Gabon: A Step in the Right Direction

Gabon: A Step in the Right Direction

almost 2 years conditional positive

XAF currency converter