Is XOF the same as XAF?

Is XOF the same as XAF?

Is XOF the same as XAF?

‘CFA franc’ can refer to either the Central African CFA franc, abbreviated XAF in currency markets, or the West African CFA franc, abbreviated XOF in currency markets. Although they are separate currencies, the two are effectively interchangeable as they hold the same monetary value against other currencies.

What is the symbol for CFA franc?

West African CFA franc/Symbols

What does CFA stand for in currency?

These two unions maintain the same currency, the CFA franc, which stands for Communauté Financière Africaine (African Financial Community) within WAEMU and Coopération Financière en Afrique Centrale (Financial Cooperation in Central Africa) within CAEMC.

What is Chad’s money called?

Central African CFA franc

Which currencies did the West African use?

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 called the CFA franc….

West African CFA franc
User(s) Benin Burkina Faso Guinea-Bissau Ivory Coast Mali Niger Senegal Togo

How much is Cotonou money in Nigeria?

Exchange Rate Today For Converting West African CFA Francs to Nigerian Naira – 1 XOF = 0.133 NGN

Convert XOF: 1 50
Into NGN: 0.74 36.86

Who controls the CFA?

the French treasury
Given that it has the responsibility of backing the CFA franc, the French treasury controls 50% of the foreign exchange reserves of all 14 CFA franc using countries. The acronym CFA, as it relates to the Franc, has had a few meanings over the years.

What currency is Gambia?

Gambian dalasi
The Gambia/Currencies
The Gambian dalasi is the official currency of the country of The Republic of Gambia, located along the coast of Western Africa. One delasi is composed of 100 butut. The word dalasi derives from the West African French dala 5-franc coin, which originates from the English “dollar”.

Which currency is the lowest in Africa?

Sao Tome and Principe Dobra
The Sao Tome and Principe Dobra(STD) is currently the weakest currency in Africa. The country is the smallest on the continent.