The Central African CFA franc is the common currency of six independent states in Central Africa: Cameroon, the Central African Republic, Chad, the Republic of the Congo, Equatorial Guinea and Gabon. It has been issued since 1945 by the Bank of Central African States, headquartered in Yaounde, Cameroon, for members of the Economic and Monetary Community of Central Africa, with banknotes printed by the Bank of France at Chamalieres. It is pegged to the euro at the same fixed rate as its West African counterpart, 655.957 francs per euro, and the two currencies are commonly referred to together as the CFA franc even though they are not interchangeable. In 2020 the six member countries had a combined population of about 55.2 million people and a combined GDP exceeding 100 billion US dollars as of 2021.
Facts
Geography
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Sources
1. Wikidata
Wikimedia Foundation
2. Central African CFA franc - Wikipedia
History section
The CFA franc was introduced to the French colonies in Equatorial Africa in 1945, replacing the French Equatorial African franc.
Issuance section
The currency is issued by the Bank of Central African States (BEAC; Banque des États de l'Afrique Centrale), located in Yaoundé, Cameroon
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