CFA

CFA Franc BCEAO

West African CFA franc

The eight autonomous West African nations that make up the West African Economic and Monetary Union utilize the West African CFA franc as their unit of exchange: Benin, Burkina Faso, Cote d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. In 2014, the population of these eight nations as a whole was 105.7 million, and their total GDP was $128.6 billion. CFA is an abbreviation for "Communaute Financiere Africaine." The Central Bank of West African States, which is based in Dakar, Senegal, issues the money for the UEMOA members. Although the franc is officially divisible into 100 centimes, no centime-denominated coins or banknotes have ever been produced. Since its founding in 1945, the Bank of France has produced CFA franc banknotes and coins at Chamalieres. In circulation in a number of central African republics, the CFA franc of Central Africa has parity with the CFA franc of West Africa. Both currencies are frequently referred to as the CFA franc. It was announced in December 2019 that the West African CFA franc would undergo reform, which would reduce France's influence over the currency and rename it the eco. The nations of UEMOA are also members of the larger Economic Community of West African States, which wants to launch its own common currency for its members by 2027 and has legally chosen the moniker "eco".

how has the value of the currency changed in the last year?

West African CFA franc how has the value of the currency changed in the last year?

USD 1 = XOF 629.85

How much is10 US dollars worth inWest African CFA francs?
At the current exchange rate, 10 US dollars is worth 6,298.5 West African CFA francs
How much is50 US dollars worth inWest African CFA francs?
At the current exchange rate, 50 US dollars is worth 31,492.49 West African CFA francs
How much is100 US dollars worth inWest African CFA francs?
At the current exchange rate, 100 US dollars is worth 62,984.97 West African CFA francs
How much is500 US dollars worth inWest African CFA francs?
At the current exchange rate, 500 US dollars is worth 314,924.87 West African CFA francs
How much is2,000 US dollars worth inWest African CFA francs?
At the current exchange rate, 2,000 US dollars is worth 1,259,699.48 West African CFA francs
How much is10 US dollars worth inWest African CFA francs?
At the current exchange rate, 10 US dollars is worth 6,298.5 West African CFA francs
How much is50 US dollars worth inWest African CFA francs?
At the current exchange rate, 50 US dollars is worth 31,492.49 West African CFA francs
How much is100 US dollars worth inWest African CFA francs?
At the current exchange rate, 100 US dollars is worth 62,984.97 West African CFA francs
How much is500 US dollars worth inWest African CFA francs?
At the current exchange rate, 500 US dollars is worth 314,924.87 West African CFA francs
How much is2,000 US dollars worth inWest African CFA francs?
At the current exchange rate, 2,000 US dollars is worth 1,259,699.48 West African CFA francs
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