withdrawn West African CFA franc banknotes Exchange yours now. The exchange rate for the French Franc was last updated on December 6, 2020 from The International Monetary Fund. ₦0.71 Live Exchange Rate. The ECO will be used initially only in the eight West African nations. Senegal Currency: West African CFA Franc. West African CFA Franc currency symbol: BCEAO West African CFA Franc coins available: 1, 5, 10, 25, 50, 100, 200, 500 francs West African CFA Franc banknotes available: 1000, 2000, 5000, … XOF is the currency code for West African CFA Franc, which is the official currency of Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. A third question is the response of six other African countries that also use a central African version of the CFA franc. The West African CFA franc is expected to be renamed to the "Eco" in the near future. This information was last updated on December 8, 2020 at 12:05 AM CET. These FCFA coins are used for payments in the eight west African countries which share the common West African CFA franc currency (XOF): Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo. Convert CFA Franc BCEAO - XOF to Major World Currencies with TransferWise Currency Converter ... CFA Franc BCEAO. Cote d'Ivoire's President Alassane Ouattara has announced the official end of the French-backed regional common currency for the eight countries in West Africa, as French President Emmanuel Macron was on hand in Abidjan to hail the historic reform. The West African CFA franc (franc CFA; franco CFA or simply franc, ISO 4217 code: XOF) is the currency of eight independent states in West Africa: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo. Some eight Francophone West African states, lead by Côte d’Ivoire, decided in December 2019 to move towards a new currency, the Eco, away from the CFA franc. Currency symbol. France signs new monetary cooperation agreement West Africa map. English-speaking West African countries on Thursday criticised a move to rename the CFA franc used by former French colonies, saying the … Coins of the West African CFA franc exist in the forms of 1, 5, 10, 25, 50, 100, 200, 250, and 500 francs. West African CFA Franc Currency: The West African CFA Franc is the common official currency in the eight independent states in the West Africa. West African CFA Franc (XOF) is the currency used in West Africa, Benin, Togo, Cote D'ivoire, Guinea Bissau, Senegal, Mali, Burkina Faso, Niger. The CFA Franc was established in 1945 and is used in two African monetary unions, one in Western Africa and the other in Central Africa. The West African CFA franc broken into 100 subdivisions known as centimes. There are two different currencies called the CFA franc: the West African CFA franc (ISO 4217 currency code XOF), and the Central Africa CFA franc (ISO 4217 currency code XAF). These West African CFA franc … Plans to overhaul the CFA franc, a France-backed currency used by former colonies in West Africa, have drawn reactions ranging from scepticism to cautious optimism. France is set to end the use of the 75-year-old controversial CFA franc in West Africa. Infobox Currency currency name in local = franc CFA BCEAO fr icon image 1 = Africa countries UEMOA.png image title 1 = Member countries iso code = XOF using countries = Benin, Burkina Faso, Côte d Ivoire, Guinea Bissau, Mali, Niger, Senegal, Togo French and international media had long taken its existence as something of a dirty secret, even though it is used by some 187 million people. “As an economist, for me, the CFA franc is more than a symbol of the monetary system, which is designed to organise African countries in a way that treats the interest of French businesses, French government and more generally European businesses,” he tells RFI. The West African CFA is divided into 100 centimes. Facts about British pound (GBP) The pound (symbol: £; banking code: GBP), divided into 100 pence, is the official currency of the United Kingdom (UK). The CFA franc is tied to the Euro, and follows the fluctuation of the Euro. The CFA will undergo three major changes, according to Ivorian President Alassane Ouattara: one, the name will change to Eco in 2020, France, … The symbol for West African CFA Franc is CFA. The symbol for XOF can be written CFAF. One XOF is 0.1922 JPY and one JPY is 5.2018 XOF. Senegal Currency: West African CFA Franc. West African CFA franc (XOF) to British pound (GBP) Chart. The CFA franc, used by fourteen countries yet economically bound to France, is the last colonial currency on the African continent. The Swiss Franc is divided into 100 rappen (centimes). On the streets of the capital Dakar, many Senegalese said they were cautious. Introduced in 1945 during colonial times, the CFA is linked to the euro under an arrangement that requires African … West African CFA Franc (XOF) is the currency used in West Africa, Benin, Togo, Cote D'ivoire, Guinea Bissau, Senegal, Mali, Burkina Faso, Niger. The West African CFA Franc will be … How many West African CFA franc is a Japanese yen? The West African CFA is also known as Communaute Financiere Africaine BCEAO Franc. The West African CFA franc (French: franc CFA;Portuguese: franco CFA or simply franc, ISO 4217 code: XOF) is the currency of eight independent states in West Africa: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Sénégal and Togo. You can filter the currencies displayed in this table by name, symbol or continent. The symbol for CHF can be written SwF, and SFr. This XOF/GBP chart lets you see the relationship between the two currencies several years back in history. Coins. 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