Central African CFA Franc


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Central African CFA Franc

The currency of five former French colonies and one former Spanish colony in Africa: Cameroon, Central African Republic, Chad, Congo (Republic of), Equatorial Guinea, and Gabon. It was introduced in 1945. For most of its history, it was pegged to the French franc, but, in 1999, the peg switched to the euro. While it is of equal value to the Central African CFA franc, the two currencies are not interchangeable.
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References in periodicals archive ?
The Economic and Monetary Community of Central Africa (CEMAC) is a separate organisation which includes Cameroon, the Cental African Republic, Chad, Republic of Congo and Equatorial Guinea, who share the Central African CFA franc.
AfDB Malabo meeting urges regional integration
(41) More precisely, the Franc CFA is actually the title of two distinct currencies: the Central African CFA franc and the West African CFA franc.
Currency wars: the need for international solutions
The two currencies, the Central African CFA franc and the Western African CFA franc, are not interchangeable.
Francafrique, on its last legs?

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