In 2019, it was announced that the West African CFA franc would be reformed, which will include renaming it the Eco and reducing France's role in the currency. They are both called the CFA franc. Monnaie de six États d’Afrique centrale : le Cameroun, la République centrafricaine, la République du Congo, le Gabon, la Guinée équatoriale et le Tchad. Central African CFA franc (XAF) to Australian dollar (AUD) Chart. or take XAF rates on the go with our XE Currency Apps and website. > Pays membres de la Communauté financière africaine CFA : Pays utilisant le code XOF et formant l'UEMOA (Union économique et monétaire ouest-africaine) : Franc CFA (UEMOA) Unité monétaire moderne actuelle: L'avers des pièces en francs CFA (UEMOA). Type: noun; Copy to clipboard; Details / edit; omegawiki. Critics have directed withering fire, describing the CFA franc as a symbol of colonialism and past French meddling and an affront to economic sovereignty. The exchange rates on Currency World are midrates, and must not be taken as financial advice. In 2016 the largest franc zone country, Ivory Coast, had a real GDP per capita one-third lower than its 1978 peak. Our currency rankings show that the most popular Communauté Financière Africaine (BEAC) CFA Franc BEAC exchange rate is the USD to XAF rate. The symbol for XAF can be written CFAF. While some of these colonies had different names and borders back then, they continued to use the multi-country currency as they gained their independence. The exchange rate for the Central African CFA was last updated on August 12, … Banknotes. Below, you'll find Central African CFA Franc BEAC rates and a currency converter. To. It has the same value as that of its counterpart the West African CFA Franc which is the official currency of the seven independent states in West Africa. XAF Central African CFA Franc BEAC. Central African CFA Franc currency converter. 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. The CFA franc was created on December 26, 1945, the date on which France ratified the Bretton Woods Agreements and made its first declaration of parity to the … The exchange rate for the Central African CFA … Cest aussi en France que sont imprimés les billets de francs CFA3. Il dresse la liste des conversions mutuelles entre le Franc CFA (BEAC) et les autres devises principales, et répertorie également les taux de change entre cette devise et d'autres devises. FCFA. Bank of Central African States The currency continued to be used after these colonies gained their independence, except in Mali (formerly French Sudan), which replaced the currency with its own Franco in 1961. The Central African CFA Franc Notes: The Cameroonian currency notes are made up of 500, 1000, 2000, 5000, 10000 francs. Central African CFA franc . History. 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: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon.These six countries have a combined population of 48.0 million people (as of 2014), and a combined GDP of US$88.2 billion (as of 2012). Depuis 1945, la Banque de France est le troisième acteur de ce système monétaire. The official money used in Central African Republic is Central African CFA Franc. The Central African CFA franc is the currency of six independent states spanning 3,000,000 km2 in central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. The Central African CFA Franc BEAC is the currency of Communauté Financière Africaine (BEAC). 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