African currencies: CFA Franc
The CFA Franc is the common currency of two blocs of mostly French-speaking countries in West Africa and Central Africa.
The Western CFA franc (green below) and Central African CFA franc (red) are guaranteed by the treasury of France. They provide a common currency for these wide swathes of Africa that vary widely in development. The monetary region includes both wealthier countries like fossil fuel hub Equatorial Guinea, Cameroon, and Gabon and also extremely poor countries like Central African Republic (CAR), Mali, and Chad.
The CFA Franc is the common currency of two blocs of mostly French-speaking countries in West Africa and Central Africa.
The Western CFA franc (green below) and Central African CFA franc (red) are guaranteed by the treasury of France. They provide a common currency for these wide swathes of Africa that vary widely in development. The monetary region includes both wealthier countries like fossil fuel hub Equatorial Guinea, Cameroon, and Gabon and also extremely poor countries like Central African Republic (CAR), Mali, and Chad.
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