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West African Franc

West Africa CFA - West African Franc (XOF)

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Description

The West African 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 West African banknotes. The West African franc is commonly known as the CFA franc and is interchangeable with the other CFA currency, the Central African franc (XOF). The franc is pegged to the euro and used in Benin, Burkina Faso, Cote d’lvoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.