CFA Franc
Contents
Deciphering the CFA Franc: Understanding Its Origins, Value, and Implications
Exploring the intricacies of the CFA franc, its historical significance, and its role in African economies. Learn about its two variants, the Central African CFA franc (XAF) and the West African CFA franc (XOF), and their pegging to the euro.
Unraveling the CFA Franc
Delve into the history and meaning behind the CFA franc, originally created by France in 1945 and pegged to the French franc. Understand its evolution, including the transition to the euro and the recent renaming to the Eco in 2019.
Decoding XAF and XOF
Explore the distinct features of the Central African CFA franc (XAF) and the West African CFA franc (XOF), along with their interchangeability and economic implications for the member countries. Gain insights into the monetary unions and their composition.