Difference between revisions of "CFA franc"
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|wikipedia=https://en.wikipedia.org/wiki/CFA_franc | |wikipedia=https://en.wikipedia.org/wiki/CFA_franc | ||
|description=Franc of the Financial Community of Africa | |description=Franc of the Financial Community of Africa | ||
| − | | | + | |image=CFA_franc.png |
| − | | | + | |image_width=240px |
}} | }} | ||
| − | The '''CFA franc''' is the | + | The '''CFA franc''' is the name of two currencies, the [[West African CFA franc]], used in eight West African countries, and the [[Central African CFA franc]], used in six Central African countries. Although separate, the two CFA franc currencies have always been at parity and are effectively interchangeable, with a fixed exchange rate (peg) to the euro: €1 = F.CFA 655.957 exactly. |
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| + | On 22 December 2019, it was announced that the [[West African CFA franc]] would be reformed and replaced by an independent currency to be called [[Eco]].<ref>''[https://web.archive.org/web/20191222193703/https://af.reuters.com/article/investingNews/idAFKBN1YQ0BN-OZABS "West Africa renames CFA franc but keeps it pegged to euro"]''</ref> | ||
==Usage== | ==Usage== | ||
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|caption=[[Giorgia Meloni]] on how [[France]] Exploits African Countries via the CFA franc | |caption=[[Giorgia Meloni]] on how [[France]] Exploits African Countries via the CFA franc | ||
|align=left | |align=left | ||
| − | |width= | + | |width=300px |
| − | }} | + | <ref>''[https://www.dailymail.co.uk/news/article-11448161/Italian-PM-Giorgia-Meloni-slams-France-forcing-Burkina-Faso-hand-50-imports.html "Italy's new firebrand PM launches blistering diatribe saying immigration from Africa would STOP if countries like France halted exploitation of continent's valuable resources"]''</ref>}} |
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===West African CFA franc=== | ===West African CFA franc=== | ||
*[[Benin]] | *[[Benin]] | ||
Latest revision as of 19:49, 19 September 2023
 CFA franc    | |
|---|---|
 | |
| Type | currency |
| Franc of the Financial Community of Africa | |
The CFA franc is the name of two currencies, the West African CFA franc, used in eight West African countries, and the Central African CFA franc, used in six Central African countries. Although separate, the two CFA franc currencies have always been at parity and are effectively interchangeable, with a fixed exchange rate (peg) to the euro: €1 = F.CFA 655.957 exactly.
On 22 December 2019, it was announced that the West African CFA franc would be reformed and replaced by an independent currency to be called Eco.[1]
Usage
| Giorgia Meloni on how France Exploits African Countries via the CFA franc |
West African CFA franc
Central African CFA franc
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