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What is CFA Franc BEAC mean?
The Central African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XAF) is the currency of six independent states in Central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. These six countries have a combined population of 55.2 million people (as of 2020), and a combined GDP of US$113.322 billion (as of 2020).
CFA stands for Coopération financière en Afrique centrale ("Financial Cooperation in Central Africa"). It is issued by the Bank of Central African States (BEAC; Banque des États de l'Afrique Centrale), located in Yaoundé, Cameroon, for the members of the Economic and Monetary Community of Central Africa (CEMAC; Communauté Économique et Monétaire de l'Afrique Centrale). The franc is nominally subdivided into 100 centimes but no centime denominations have been issued.
In several west African states, the West African CFA franc, which is of equal value to the Central African CFA franc, is in circulation.
reference| Full Form | Category |
|---|---|
| S&P/ASX All Australian 50 | Business |
| XML Audit File | Business |
| Extensible Architecture Framework | Computing |
| CFA Franc BEAC | Country Currency |
| Communaute Financiere Africaine Franc (Cameroon) | Regional |
| Xml Architectural Forms | Softwares |
Posted on 19 Oct 2024, this text provides information on Miscellaneous in Country Currency related to Country Currency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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