Xof currency

Xe Currency Converter. These are the highest points the exchange rate has been xof currency in the last 30 and day periods.

These eight countries had a combined population of The franc is nominally subdivided into centimes but no coins or banknotes denominated in centimes have ever been issued. They are both commonly referred to as the CFA franc. In December 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. The currency continued in use when these colonies gained their independence, except in Mali formerly French Sudan , which replaced at par the CFA franc with its own franc in The currency was pegged to the French franc at F. In the currency was devalued by half to F.

Xof currency

Use limited data to select advertising. Create profiles for personalised advertising. Use profiles to select personalised advertising. Create profiles to personalise content. Use profiles to select personalised content. Measure advertising performance. Measure content performance. Understand audiences through statistics or combinations of data from different sources. Develop and improve services. Use limited data to select content. List of Partners vendors. The XOF uses both coins and banknotes , with the franc subdivided into centimes. Together, these countries have a spending power that exceeds over 78 billion dollars. The CFA franc is one of two regional African currencies backed by the French treasury with pegging to the euro.

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On 22 December , it was announced that the West African currency would be reformed and replaced by an independent currency to be called Eco. CFA Others argue that the CFA "helps stabilize the national currencies of Franc Zone member-countries and greatly facilitates the flow of exports and imports between France and the member-countries". CFA francs are used in fourteen countries: twelve nations formerly ruled by France in West and Central Africa excluding Guinea and Mauritania , which withdrew , plus Guinea-Bissau a former Portuguese colony , and Equatorial Guinea a former Spanish colony. These fourteen countries have a combined population of When France ratified the Bretton Woods Agreement in December , the French franc was devalued in order to set a fixed exchange rate with the US dollar. New currencies were created in the French colonies to spare them the strong devaluation, thereby making it easier for them to import goods from France and simultaneously making it harder for them to export goods to France.

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Xof currency

These eight countries had a combined population of The franc is nominally subdivided into centimes but no coins or banknotes denominated in centimes have ever been issued. They are both commonly referred to as the CFA franc.

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Download the Xe App Check live rates, send money securely, set rate alerts, receive notifications and more. These are the lowest points the exchange rate has been at in the last 30 and day periods. Scan me! Comorian franc Djiboutian franc Eritrean nakfa Ethiopian birr Kenyan shilling Seychellois rupee Somali shilling Somaliland shilling unrecognized South Sudanese pound Tanzanian shilling Ugandan shilling. Together, these countries have a spending power that exceeds over 78 billion dollars. In other projects. The currency symbol is CFA. UIC franc. Unlike some coins of the Central African CFA franc, no modern circulation coins have been issued depicting the names of individual member states, nor any letters or marks of indication. Xe Rate Alerts. Retrieved on Authority control databases. More CFA Franc info. Tools Tools. Measure content performance.

Check live foreign currency exchange rates. Send money online fast, secure and easy. Create a chart for any currency pair in the world to see their currency history.

More US Dollar info. Xe Currency Converter. Need to know when a currency hits a specific rate? Antelopes Kobus kob kob [14]. We use the mid-market rate for our Converter. The country letter codes are as follows:. Tools Tools. Amount 1 CFA. Need to know when a currency hits a specific rate? Measure content performance. CFA