West African CFA franc · XOF

Fr symbol · 8 countries currently using this currency.

Currency info

Adopted: 1945

Currency family: Franc

The West African CFA franc is one of only two CFA francs in circulation, the other being used in Central Africa, both backed by France.

Established in 1945 as the currency of French West Africa following World War II
Replaced the French West African franc at a fixed parity
Maintained a fixed exchange rate with the French franc, later the euro
Continues to be guaranteed by the French Treasury, ensuring monetary stability
Used by eight West African nations as part of the CFA franc system