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The initials CFA once stood for the Communauté française d’Afrique, later changing to Communauté financière d’Afrique. The name is a colonial legacy and considerable monetary powers are still reserved to the Banque de France, the French central bank. The value of the CFA franc was fixed to that of the French franc until 2002, when France gave up its own currency and adopted the euro; the exchange rate since then remains fixed at 656 CFA francs to the euro....

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Keywords:

Benin, Burkina Faso, Côte d’Ivoire, Mali, Niger, Senegal, Togo, Guinea-Bissau, Portuguese, Cameroon, Central African Republic, Chad, Congo-Brazzaville, Gabon, Spanish, Equatorial Guinea, Comoros, Congo-Kinshasa, Ghana, Nigeria, Communauté française d’Afrique, Communauté financière d’Afrique, Banque de France, Banque centrale des Etats de l’Afrique de l’Ouest, Communauté économique et monétaire de l’Afrique centrale, Banque des Etats de l’Afrique Centrale

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