CFA franc

(redirected from Franc zone)
Also found in: Acronyms.
Related to Franc zone: CFA Franc BCEAO

CFA franc


n.
a monetary unit used in West Africa.
[abbr. of Communauté financière africaine African Financial Community]
Mentioned in ?
References in periodicals archive ?
But neither France's near-total control of money and credit, nor its strong influence over politics and security, is wholly responsible for keeping the franc zone countries mired in poverty and instability.
The franc zone is, in fact, an appendage of the French economy.
This while one country manages the foreign exchange reserve, as was the case in the African franc zone.
In 1960, Guinea-Conakry left the franc zone, and set up its own currency and central bank.
The CFA franc, the common currency of the Franc Zone, is issued by two sub-regional central banks, BCEAO and BEAC.
The first is enjoyed by Western Union, which controls up to 90 percent of the total formal transfer volume within Africa's 16-member Franc Zone.
Macroeconomic Policy in the Franc Zone, chapter 7, pp 121-142, Palgrave Macmillan in association with UNU-WIDER.
A) The CFA franc Zone currently consists of two separate groups of sub-Saharan African countries.
832 million at the Regional Securities Exchange (BRVM) of the eight country West African franc zone, as compared to $912.
According to the French political scientist, Philippe Hugon, in 2007, between them three French banks (and their subsidiaries) accounted for nearly 70% of the banking business in the African franc zone.
According to Reuters, the heads of state of central Africa's CFA franc zone are to audit their central bank's investments with France-based Societe Generale (SOGN.