CFA franc
West African currency
The CFA franc is a currency used in fourteen African countries, most of them former French colonies.
Two distinct versions exist—one for West Africa, one for Central Africa—each backed by the French treasury and pegged to the euro.
The arrangement provides monetary stability but critics argue it perpetuates economic dependence on France.
The shopkeeper quoted prices in CFA francs.
West African republic
- GabonCentral African coastal republic
- ChadCentral African country
- CongoMajor Central African waterway
- Central African RepublicEquatorial landlocked Francophone state
- convertibilityCapacity for free exchange
- devaluationLowering of currency worth
- inflation controlPolicies limiting price increases
- monetary policyCentral bank economic controls
interest rates · liquidity · banknotes · coins · denominations · currency reform
West African republic
- Ivory CoastWest African republic
- MaliWest African country
- Burkina FasoSahel nation, capital Ouagadougou
- NigerWest African republic
Benin · Guinea-Bissau · Dakar · Abidjan · Bamako · remittances · regional cooperation
Indirect foreign domination
- decolonizationEnding imperial control
- assimilation policyEnforced cultural absorption mandate
- exploitationSelfish use of others
- imperial legacyLasting influence of empires
Cameroon
West African republic
pegged currency
- convertibilityCapacity for free exchange
- devaluationLowering of currency worth
- inflation controlPolicies limiting price increases
monetary policy · interest rates · liquidity · banknotes · coins · denominations · currency reform
Senegal
West African republic
- Ivory CoastWest African republic
- MaliWest African country
- Burkina FasoSahel nation, capital Ouagadougou
Niger · Benin · Guinea-Bissau · Dakar · Abidjan · Bamako · remittances · regional cooperation
neocolonialism
Indirect foreign domination
- decolonizationEnding imperial control
- assimilation policyEnforced cultural absorption mandate
- exploitationSelfish use of others
- African economicsGDP, GDP growth, foreign investment, trade deficit, trade deficits
- African moneyrand, naira, cedi, birr
- African politicsNigeria, Ghana, Senegal, Pan-Africanism, Mali
- Francophone AfricaSenegal, Mali, Ivory Coast, Cameroon, Niger
- West AfricaNigeria, Ghana, Mali, Niger, Senegal
- BeninBenin, Dahomey, vodun
CFA francUS dollar
American monetary unit
British pound · Japanese yen · Indian rupee · Australian dollar
finance, finances, financial, franchise, Francophone, financially, franc, franchised, franchising