XAF

The ISO 4217 currency code for the CFA Franc.

XAF

ISO 4217 code for the Central African CFA franc. Introduced in 1945, it was used in five former French colonies and one former Spanish colony in Africa: Cameroon, Central African Republic, Chad, Congo (Republic of), Equitorial Guinea, and Gabon. For most of its history, it was pegged to the French franc, but, in 1999, the peg switched to the euro. See also: XOF.

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References in periodicals archive ?

The total annual sale values of NTFPs sold under the permit system was estimated to be 8.3 billion XAF (16.7 million USD) (Table 2).

As a result, self-consumption led to a total of 6.1 billion XAF (12.3 million USD) for the 9 NTFPs mostly sold without official permits considered in this paper (Table 1).

The self-consumption and domestic market for the 7 NTFPs targeted reaches a total of 8.3 billion XAF (16.7 million USD) per year (Table 2).As a result, including both NTFPs sold under the permit system and NTFPs sold without permit we reach a cumulative average financial value of 14.5 billion XAF (29million USD) for self-consumption for one year.

Ultimately the combined economic value derived from both marketed and consumed NTFPs analysed in this paper has been estimated at 32.3 billion XAF equivalent to 64.7 million USD (Table 3).

It was found that the monthly amount received by these traders is more than two times the minimum guaranteed wage in Cameroon(2 x 31,625 XAF) (Awono et al.

Vegetal non-timber forest products in Cameroon, contribution to the national economy/Produits forestiers non-ligneux d'origine vegetale au Cameroun, contribution a l'economie nationale/Productos forestales no maderables de origen vegetal en Camerun, contribucion a la economia nacional

5,000 XAF per copy (of the declaration of capital subscription)

400 XAF (for the original and three copies of the declaration affirming the existence of a place of business)

4,000 XAF (to submit the payment and subscription declaration to the Registrar)

4,000 XAF (for the submission of the statute minutes to the Registrar)

3,000 XAF (for the application and two copies of your police record)

Transforming the economy

The depreciation of the CFA franc (XAF)--which is pegged to the euro--against the US dollar will support fiscal revenues, as the government's oil-related revenues are denominated in dollars and the budget is accounted for in XAF.