Central African CFA franc

Central African CFA franc
franc CFA BEAC  (French)
1000 Central African CFA francs, issued for Chad. Currency coins of the Central African CFA franc.
ISO 4217
Code	XAF
Number	950
Exponent	0
Denominations
Subunit
1/100	centime
Symbol	FCFA
centime	c
Nickname	céfa, franc
Banknotes	500, 1000, 2000, 5000, 10,000 francs
Coins
Freq. used	1, 2, 5, 10, 25, 100, 500 francs
Rarely used	50 francs
Demographics
User(s)	Cameroon Central African Republic Chad Republic of the Congo Equatorial Guinea Gabon
Issuance
Central bank	Bank of Central African States
Website	www.beac.int
Valuation
Pegged with	euro = CFA 655.957

The Central African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XAF) is the currency of six independent states in central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. These six countries have a combined population of 48.0 million people (as of 2014), and a combined GDP of US$88.2 billion (as of 2012).

CFA stands for Coopération financière en Afrique centrale ("Financial Cooperation in Central Africa"). It is issued by the BEAC (Banque des États de l'Afrique Centrale, "Bank of the Central African States"), located in Yaoundé, Cameroon, for the members of the CEMAC (Communauté Économique et Monétaire de l'Afrique Centrale, "Economic and Monetary Community of Central Africa"). The franc is nominally subdivided into 100 centimes but no centime denominations have been issued.

In several west African states, the West African CFA franc, which is of equal value to the Central African CFA franc, is in circulation.

The CFA franc was introduced to the French colonies in Equatorial Africa in 1945, replacing the French Equatorial African franc. The Equatorial African colonies and territories using the CFA franc were Chad, French Cameroun, French Congo, Gabon and Ubangi-Shari.

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