Central African CFA Francs Currency Converter
Central African CFA Francs Currency Converter
Convert Central African CFA Francs to Pounds, Pounds to Central African CFA Francs, Central African CFA Francs to Euro, Euro to Central African CFA Francs, Convert Central African CFA Francs to Dollar, Dollars to Central African CFA Francs
Central African CFA franc
Our unique currency converter is customised with the Central African CFA franc in mind but it contains the entire currencies of the world arranged by country name – listing the ten most popular currencies first. Special units and precious metals are also listed separately and both alphabetically at the end of the list. You can now convert Central African CFA franc to the currency of any country in the world, you can equally convert any country’s currency to Central African CFA franc, convert currencies of any country to the equivalent of another country’s currency (e.g. convert dollar to Pounds, dollar to euro, pounds to euro, pounds to dollar to yen, etc). It lets you perform currency and foreign exchange rate calculations, using live, up to the minute mid-market currency rates. The rates displayed are the official FOREX rates and not Black Market rates.
Instructions on how to use
Type the amount of source currency in the input box. You may include commas and decimal point. Then scroll down to select the source and destination currencies and press “GO!” The results of your conversion will be displayed. Note: An asterisk (*) indicates if currencies are obsolete or being phased out.
About Central African CFA franc
The CFA franc was introduced to the French colonies in Equatorial Africa in 1945, replacing the French Equatorial African franc. CFA stands for Coopération financière en Afrique centrale (“Financial Cooperation in Central Africa”). The Central African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XAF) is the currency of six independent states in central Africa. These countries include: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. The currency is issued by the BEAC (Banque des États de l’Afrique Centrale, “Bank of the Central African States”), located in Yaoundé, Cameroon, for the members of the CEMAC (Communauté Économique et Monétaire de l’Afrique Centrale, “Economic and Monetary Community of Central Africa”). The franc is nominally subdivided into 100 centimes but no centime denominations have been issued.
In 1948, coins were issued for use in all the colonies (not including French Cameroun) in denominations of 1 and 2 francs. This was the last issue of a 2-franc coin for nearly 50 years. In 1958, 5-, 10- and 25-franc coins were added, which were also used in French Cameroun. These bore the name Cameroun in addition to États de l’Afrique Equatoriale. In 1961, nickel 50-franc coins were introduced, followed by nickel 100-franc pieces in 1966. From 1971, the 100-franc coins were issued by the individual states. In 1976, cupro-nickel 500-franc coins were introduced. From 1985, these were also issued by the individual states. That year also saw the introduction of 5-, 25-, 50- and 100-franc coins for use in Equatorial Guinea.
In 1996, centralized production of the 100-franc coin was resumed, with a single 500-franc coin reintroduced in 1998. In 2006, a steel 2-franc coin was introduced.
When the CFA franc was introduced, notes issued by the Caisse Centrale de la France d’Outre-Mer (“Central Cashier of Overseas France”) in denominations of 5, 10, 20, 100 and 1000 francs were in circulation. In 1947, a new series of notes was introduced for use in French Equatorial Africa, although the notes did not bear the name of the colonies. Notes were issued in denominations of 5, 10, 20, 50, 100 and 1000 francs, followed by those of 500 francs in 1949, and 5000 francs in 1952. In 1957, the Institut d’Emission de l’Afrique Equatoriale Française et du Cameroun took over paper money production, issuing all of the earlier denominations except for the 5000-franc bill.
In 1961, the Banque Centrale des Etats de l’Afrique Equatoriale et du Cameroun took over banknote production, with notes below 100 francs ceasing to be issued. The name of the bank changed to Banque Centrale des Etats de l’Afrique Equatoriale in 1963. 10,000-franc notes were introduced in 1968, whilst the 100-franc notes were replaced by coins in 1971.
In 1975, the bank name changed again to the Banque Centrale des États de l’Afrique Centrale and the individual states began issuing notes in their own names, in denominations of 500, 1000, 5000 and 10,000 francs. This practice ended in 1993. Since then, the banknotes have been issued with only a letter prominently displayed to distinguish between the issues of the different states. 2000 franc notes were introduced in 1993.
In several West African states, the West African CFA franc, which is of equal value to the Central African CFA franc, is in circulation.