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.
References in periodicals archive ?
They include eight African countries that use the West African CFA franc, seven African countries that use the Central African CFA franc, plus Bulgaria, Denmark, and Morocco.
The two currencies, the Central African CFA franc and the Western African CFA franc, are not interchangeable.

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