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A map of indigenously made pre-colonial African currencies and their respective minting states. In pre-colonial times, many objects were sometimes used as currency in Africa. These included shells, [1] ingots, gold (gold dust and gold coins (the Asante)), arrowheads, iron, salt, cattle, goats, blankets, axes, beads, and many others.
Others argue that the CFA "helps stabilize the national currencies of Franc Zone member-countries and greatly facilitates the flow of exports and imports between France and the member-countries". [3] On 22 December 2019, it was announced that the West African currency would be reformed and replaced by an independent currency to be called Eco. [4]
West African CFA franc. The West African CFA franc ( French: franc CFA or simply franc, ISO 4217 code: XOF; abbreviation: F.CFA) is the currency used by eight independent states in West Africa which make up the West African Economic and Monetary Union: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.
Currency Central bank Peg Benin: West African CFA franc: Central Bank of West African States: 1 EUR = CFA 655.957 Burkina Faso Guinea-Bissau Ivory Coast Mali Niger Senegal Togo Cameroon: Central African CFA franc: Bank of Central African States: 1 EUR= CFA 655.957 Central African Republic Chad Equatorial Guinea Gabon Republic of the Congo
Zambian kwacha. Zambian pound. Zanzibari rupee. Zimbabwean bond coins. Zimbabwean bond notes. Zimbabwean dollar. Zimbabwean dollar (2019–present) Categories: Currencies by continent.
v. t. e. This is a list of countries by their exchange rate regime. [1] De facto exchange-rate arrangements in 2022 as classified by the International Monetary Fund. Floating ( floating and free floating) Soft pegs ( conventional peg, stabilized arrangement, crawling peg, crawl-like arrangement, pegged exchange rate within horizontal bands ...
It's a lifeline on which 14 west and central African nations depend. Tied to the euro at a fixed exchange rate, the currency offers monetary stability. The peg is guaranteed by the French Treasury.
U.S. dollar, the official currency of the United States, the world's dominant reserve currency and the most traded currency globally. Euro, the currency used by the most of countries and territories, the second-largest reserve currency and the second-most traded currency. Some currencies, such as the Abkhazian apsar, are not used in day-to-day ...