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CFA Franc BCEAO XOF

Senegal & Niger currency : CFA Franc

CFA Franc is the basic unit of currency of Benin, Burkina Faso, Ivory Coast, Mali, Niger, Senegal, Togo, Guinea Bissau. The currency ISO code of CFA Franc is CFA.

The CFA franc is pegged to the euro since 99.01.01. The transition french franc in euro since 99.01.01 doesn't modify the guarantee convertibility in fixed rate franc CFA with regard french franc. Cooperation agreements bounding France to monetaries Unions of french area are kept. The eight members countries of Western Africa area are joined status under IMF article VIII of agreement for keeping the guarantee convertibility of currency for operations accounts (commercial operations,transfers,services) (opérations commerciales, services, transferts).

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