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What does CFA stand for in currency?

What does CFA stand for in currency?

The CFA franc, backed by the French treasury and pegged to the euro, refers to both the Central African CFA franc (XAF) and the West African CFA franc (XOF), and is accepted in 14 member countries. CFA stands for Communatué financière d’Afrique or African Financial Community.

What is Cote d Ivoire’s currency?

West African CFA franc
Côte d’Ivoire/Currencies

What’s the strongest currency in Africa?

Tunisian dinar
Tunisian dinar: This is currently the strongest and most valuable currency in Africa.

What is Niger Republic currency?

Niger/Currencies

What is Burkina Faso currency?

Burkina Faso/Currencies

Which currency is the weakest in Africa?

Here are 10 African currencies with the weakest exchange rate against the dollar in 2021

  • São Tomé and Príncipe’s dobra: This is currently the weakest and less-valued currency in Africa.
  • Burundian franc: Burundi’s sovereign currency is currently the second weakest and less-valued legal tender in Africa.

What kind of money is used in Mali?

Malian Currency. The currency of Mali is the West African CFA franc, which is denoted by the symbol CFAF, and has an ISO code of XOF. The West African CFA franc broken into 100 subdivisions known as centimes.

What is the unit of money in Mali?

Mali – Money. The unit of currency is the Communaute Financiere Africaine franc (CFA) which is equivalent to 100 centimes.

What is the name of the currency in Mali?

Mali´s official currency is… Mali’s official currency is the CFA Franc. One Euro is worth approximately 655 CFA . It is recommended that you bring cash in Euros and exchange them in the country. ATM machines are only available the main cities, such as Bamako , Segou, Mopti and Timbuktu .

What is Mali money?

Mali is part of the French Monetary Area. Only currency issued by the Banque des Etats de l’Afrique de l’Ouest (Bank of West African States) is valid; currency issued by the Banque des Etats de l’Afrique Centrale (Bank of Central African States) is not. The CFA Franc is tied to the Euro.