Central African CFA franc

Central African CFA franc

Franc CFA de l'Afrique centrale (French) فرنك م ف أ وسط أفريقيا (Arabic) Franco CFA de África Central (Spanish)
1000 Central African CFA francs, since December 2022. Currency coins of the Central African CFA franc.
ISO 4217
Code	XAF (numeric: 950)
Unit
Symbol	F.CFA‎
Nickname	céfa, franc
Denominations
Subunit
1⁄100	centime theoretical (unused)
Symbol
centime	c
Banknotes	500, 1,000, 2,000, 5,000, 10,000 francs
Coins	1, 2, 5, 10, 25, 50, 100, 500 francs
Demographics
User(s)	Cameroon  Central African Republic  Chad  Equatorial Guinea  Gabon  Republic of the Congo
Issuance
Central bank	Bank of Central African States
Website	www.beac.int
Valuation
Pegged with	€1 = F.CFA 655.957

The Central African CFA franc (French: franc CFA or simply franc; ISO code: XAF; abbreviation: F.CFA) 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 55.2 million people (as of 2020),^[1] and a combined GDP of over US$100 billion (as of 2021).^[2]

CFA originally stood for Colonies françaises d'Afrique ("French colonies of Africa"); following the independence of these states, its name was changed to Coopération financière en Afrique centrale ("Financial Cooperation in Central Africa"). The currency is issued by the Bank of Central African States (BEAC; Banque des États de l'Afrique Centrale), located in Yaoundé, Cameroon, for the members of the Economic and Monetary Community of Central Africa (CEMAC; Communauté Économique et Monétaire de l'Afrique Centrale). The franc is nominally subdivided into 100 centimes but no centime denominations have been issued. The production of CFA franc notes has been carried out at Chamalières by the Bank of France since its creation in 1945.

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