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Central African CFA Franc

Central Africa - Central African CFA Franc (XAF)

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Description

The Central African CFA franc is a currency of multiple African countries. The banknotes are printed on paper. The Bank of Central African States (BEAC) is responsible for issuing the Central African CFA franc banknotes. The Central African CFA franc replaced the French West African franc and is now the official currency of eight independent states in West Africa. It is currently pegged to the euro. This currency is interchangeable with the other CFA currency, the West African franc (XOF).