However, for reasons discussed earlier and to be further elaborated below, only a very small number of consumers purchase the cheaper, unlabelled, hand-tied bags of water that sell for 10 CFA francs
5 percent, thereby guaranteeing the convertibility of the CFA franc
, which it underwrites.
The involvement of Herakles in Africa came about after Bruce Wrobel noticed that imports of palm oil from Indonesia exceeded 2,500 billion CFA francs
In the 2002 campaign, vaccinations were free to owners (7); in the 2006 campaign, owners were charged 2,000 CFA francs
Hearing the cries of distress of the people, the government has decided to fix the price of diesel at 685 CFA francs
A truckload of wood can bring in 200,000 to 300,000 African CFA francs
(US $440 to $660).
Although the two CFA francs
are legal tender only in their respective regions, each region's central bank maintains the same parity of its CFA franc
against the French currency, and capital can move freely between the two regions.
7 billion CFA Francs
(15 million) complements the funding for total investment programme of 38 billion CFA Francs
(58 million) for the SONES.
Arge Felix Patasse and three associates have been sentenced to 20 years imprisonment with hard labor for misappropriating $20bn CFA Francs
(about $39m) during his tenure.
The German technical cooperation agency (GTZ) has awarded approximately three billion CFA Francs
Under the terms of the agreement, Vivendi, which according to Mr Sall will acquire 51% of SENELEC capital for about 63 billion CFA Francs
(about Euro 95 million), has agreed with the Senegalese State which controls 49% of shares, on an investment programme providing notably for the construction of a new 60 megawatt power station.
We estimated we could do it in four months with about 70 million CFA francs