Central African CFA franc · XAF

Fr symbol · 6 countries currently using this currency.

Currency info

Adopted: 1945

Currency family: Franc

The XAF is one of only two CFA francs still in use in Africa, with the other being the West African CFA franc (XOF).

Established in 1945 as the currency of French Equatorial Africa following World War II
Replaced the French Equatorial African franc when the monetary union was reorganized
Pegged to the French franc at a fixed rate, later pegged to the euro since 2002
Issued by the Bank of Central African States (BEAC), serving six member nations
Maintains a currency board arrangement with guaranteed convertibility to euros