XAF / NGN
Central African CFA franc / Nigerian Naira
2.2727
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-0.12%(-0.0027) 1D
Oct 10, 2:23:19 AM UTC
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Profile
The Central African CFA franc is the currency used in six independent states in Central Africa: Cameroon, the Central African Republic, Chad, the Republic of the Congo, Equatorial Guinea and Gabon. These six countries had a combined population of 55.2 million in 2020, and their total GDP exceeded US$100 billion.
CFA originally stood for Colonies françaises d'Afrique; after these states gained independence, its name was changed to Communauté financière africaine. The currency is issued by the Bank of Central African States, located in Yaoundé, Cameroon, for members of the Economic and Monetary Community of Central Africa. Although the franc is officially divided into 100 centimes, no centime-denominated coins have been issued. Since 1945, the Bank of France has been producing CFA franc notes in Chamalières.
In several west African states, the West African CFA franc, which is of equal value, is also in circulation. Wikipedia