West African CFA Franc Wiki
The West African CFA franc (French: franc CFA; Portuguese: franco CFA or simply franc, ISO 4217 code: XOF) is the currency of eight independent states in West Africa: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. These eight countries had a combined population of 105.7 million people in 2014, and a combined GDP of US$128.6 billion (as of 2018).The acronym CFA stands for Communauté Financière d'Afrique ("Financial Community of Africa") or Communauté Financière Africaine ("African Financial Community"). The currency is issued by the BCEAO (Banque Centrale des États de l'Afrique de l'Ouest, "Central Bank of the West African States"), located in Dakar, Senegal, for the members of the UEMOA (Union Économique et Monétaire Ouest Africaine, "West African Economic and Monetary Union"). The franc is nominally subdivided into 100 centimes but no centime denominations have been issued. The Central African CFA franc is of equal value to the West African CFA franc, and is in circulation in several central African states. They are both called the CFA franc. In 2019, it was announced that the West African CFA franc would be reformed, which will include renaming it the Eco and reducing France's role in the currency. With currencyconverts.com you can convert CFA Franc BCEAO (CFA) to any other foreign currency. To convert a certain amount of West African CFA Franc use currency converter. This page provides a free online information about currency conversion or exchange rates for world fiat currencies. Exchange rates for CFA Franc BCEAO is calculated from mid-market real price and updates daily. Usually people search for XOF exchange rate before business travel to Benin, Burkina Faso, Guinea-Bissau, Côte D'Ivoire, Mali, Niger, Senegal, Togo, or during trip to other countries and want to check rate of West African CFA Franc in local money. On this page you can convert CFA Franc BCEAO to main foreign currencies, get fast access to most used amounts of XOF or aether calculate any amount of West African CFA Franc in other fiat money.