CFA franc


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Related to CFA franc: XOF

CFA franc


n.
a monetary unit used in West Africa.
[abbr. of Communauté financière africaine African Financial Community]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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These countries have used the CFA franc since 1945.
Eight of the ECOWAS countries--Benin, Burkina Faso, Guinea-Bissau, Cote d'Ivoire, Mali, Niger, Senegal, and Togo--already use a shared currency: the West African CFA franc.
The 200 billion CFA franc ($342 million) farm will be roughly half financed by Lekela, and the other half split between US-based Overseas Private Investment Corporation and Danish export credit company EKF.
Di Maio himself refused to back down in the row, telling reporters late Monday that France was manipulating the economies of 14 African countries that use the CFA franc — a colonial-era currency which is underpinned by the French Treasury.
He spoke to African Business on topics ranging from Gabon's relationships with foreign com- panies, his country's recent experience with the IMF and the pros and cons of being a part of the CFA franc zone.
He spoke to African Business on topics ranging from Gabon's relationships with foreign companies, his country's recent experience with the IMF and the pros and cons of being a part of the CFA franc zone.
A bigger external buffer supports our base case that there will be no break-up of the currency zone or devaluation of the CFA franc against the euro.
(17) The 200 CFA franc figure is the average price that shop owners pay producers for a bag of twenty sachets.
According to a study by S&P Global Ratings published today, the two monetary unions in Africa using the CFA franc are facing stiff scrutiny of the long-term sustainability of their currencies, which are pegged to the euro.
Projects supposedly underway include: a 78.9bn CFA franc ($143mn) territorial development programme announced in 2014 for the three regions in the north of the country; a three-year national emergency plan unveiled in 2015 with a budget of 925bn CFA francs of which just 42bn francs was earmarked for the Far North Region; a 5.3bn CFA franc plan to rebuild schools and hospitals in the region, also unveiled in 2015; and a 102bn CFA franc project targeting young people across the country, announced by President Paul Biya in December 2016.
Africa has seen success in issuing Sukuk in Sub Saharan Africa, and West Africa in particular in the West African CFA franc (XOF), which minimises exposure to FX risk for domestic issuers and investors.
The central bank of the eight-nation West African CFA franc zone, has kept its interest rate steady, according to Reuters.