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CFA franc (XOF and XAF)

In a nutshell

The name CFA franc refers to two distinct currencies: XOF in West Africa and XAF in Central Africa.

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Explained simply

XOF is issued by the BCEAO and XAF by the BEAC. The currency must be specified: sharing a name does not mean banknotes can be used interchangeably in both areas.

A practical example

Example: a price quoted in CFA francs in Benin is in XOF; in Cameroon, it is in XAF.

Further reading

Source: Banque de France — Monetary cooperation.

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What this means

A price in CFA francs in Benin is in XOF, issued by the BCEAO.

Educational scenarios. Amounts and rates are fictional, not current market conditions.

Are XOF and XAF one currency?

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