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West African CFA franc

The West African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XOF; abbreviation: F.CFA) is the currency used by eight independent states in West Africa which make up the West African Economic and Monetary Union: Benin, Burkina Faso, C??te d'Ivoire, Guinea-Bissau, 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$128.6 billion as of 2018. The initialism CFA stands for Communaut?? Financi??re Africaine ('African Financial Community'). The currency is issued by the Central Bank of West African States (BCEAO; Banque Centrale des ??tats de l'Afrique de l'Ouest), located in Dakar, Senegal, for the members of the UEMOA. The franc is nominally subdivided into 100 ...

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wikidata.org 0 views · 2024-12-26 18:31:19

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