CFA Franc overview

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.

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CFA Franc news

Ouattara Calls For West African Political Union

Ouattara Calls For West African Political Union

10 days conditional neutral
Ouattara Calls For West African Political Union

Ouattara Calls For West African Political Union

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‘I served President Jammeh with fear’, former GPA MD tells commission - The Point Newspaper, Banjul, The Gambia

Muhammed Lamin Gibba, former managing director of Gambia Ports Authority (GPA), has told the commission of inquiry looking into the assets and...

about 1 month conditional neutral
Côte d’Ivoire: Finance - The CNPS picks winners | West Africa

Côte d’Ivoire’s main pension fund is diversifying its investments and looking to take up stakes in companies active at home and abroad

about 2 months indicative neutral
CAMEROON | Cement: Ready, get set, go regional | Central Africa

Cement producers are in intense competition as Cameroon becomes a growing base for companies looking to access landlocked neighbours

about 2 months conditional negative
What France’s Macron really means when he says Africa needs to look after itself

Emmanuel Macron fancies himself a disrupter; his Africa tone is no exception.

about 2 months indicative neutral
The CFA franc in West Africa: Time for a change? | DW | 22.06.2018

A group of young African rappers is challenging the use of the common currency, saying the CFA franc is a remnant of colonialism and should be abolished. But members of the African elite don't seem interested in change.

about 2 months indicative neutral
France and China in Africa

A geoeconomic and strategic clash between China and France is currently emerging across Africa, with France supporting the United States in a new bilateral relationship

3 months conditional positive

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