CFA Franc BEAC XAF

Cameroon & Guinea currency : CFA Franc

The currency ISO code of CFA Franc is CFA. The CFA Franc is a tender legacy in CEMAC : Cameroon, Central African Republic, Chad, Guinea, Gabon, Republic of Congo.

The CFA franc is pegged to the euro since the 1st of january of 1999, at the fixed rate of CFAF 655.957 per 1 EUR. The transition from french franc to euro since the 1st of january of 1999 does not modify the convertibility guarantee at fixed rate of franc CFA with regard to french franc. Cooperation agreements joining France to monetaries Unions of french area are maintained. On the 1st of january of 1996, the six members countries of Central Africa area have accepted the IMF status under the article VIII of agreement for keeping the convertibility guarantee of currency for usual operations (commercial operations, transfers, services). Fixed parity between the euro and the CFA franc.

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