The ESCB participates in the printing, minting and distribution of notes and coins in all member states, and the operation of the Eurozone payment systems. 0.0007600.0010640.0013680.0016720.0019760.002280May 03May 18Jun 02Jun 17Jul 02Jul 17Aug 01Aug 16120-day exchange rate history for XOF to EUR.
Latest daily average exchange rates. France’s President Emmanuel Macron is welcomed by Ivory Coast President Alassane Ouattara at the Petit Palais in Abidjan, Ivory Coast, December 21, 2019.
Enter the amount to be converted in the box to the left of Euro. The EUR conversion factor has 6 significant digits. Under the deal, the Eco will remain pegged to the euro but the African countries in the bloc won’t have to keep 50% of their reserves in the French Treasury and there will no longer be a French representative on the currency union’s board. That’s not the century that’s being built today,” said Macron. After the devaluation, 1 French franc was worth 100 CFA and when the French currency joined the euro zone, the fixed rate became 1 euro to 656 CFA francs. The Euro is divided into 100 cents. You also can click the currency name to view the exchange rates of this currency converting to other currencies.
Last updated: This XOF/EUR chart lets you see the relationship between the two currencies several years back in history.The euro (currency sign: €; banking code: EUR) is the official currency of the European Union member states of Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain, also known as the Eurozone.
All EU member states are eligible to join if they comply with certain monetary requirements and eventual use of the euro is mandatory for all new EU members. ABIDJAN (Reuters) - West Africa's monetary union has agreed with France to rename its CFA franc … Reporting by Ange Aboa; Writing by Alessandra Prentice; Editing by David ClarkeRevamped West African currency to be launched in 2020: Macron These values represent the daily average of rates that Convertworld receives from various sources. Yes it’s progress … I do not want influence through guardianship, I do not want influence through intrusion. The West African CFA is the currency in Benin (BJ, BEN), Burkina Faso (BF, BFA), Ivory Coast (Cote D'Ivoire, CI, CIV), Guinea-Bissau (GW, GNB), Mali (ML, MLI), Niger (NE, NER), Senegal (SN, SEN), and Togo (TG, TGO).
It now stands for “Communaute Financiere Africaine” (African Financial Community) in West Africa and in Central Africa it means “Cooperation Financiere en Afrique Centrale” (Financial Cooperation in Central Africa). 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. Find the current Euro West African CFA franc rate and access to our EUR XOF converter, charts, historical data, news, and more.
The symbol for EUR can be written €. The symbol for XOF can be written CFAF.
The West African CFA is also known as Communaute Financiere Africaine BCEAO Franc. As an independent central bank, the ECB has sole authority to set monetary policy. The euro was introduced to world financial markets as an accounting currency in 1999 and launched as physical coins and banknotes in 2002. The exchange rate for the Euro was last updated on August 31, 2020 from The International Monetary Fund.
West Africa renames CFA franc but keeps it pegged to euro. The euro is managed and administered by the Frankfurt-based European Central Bank (ECB) and the European System of Central Banks (ESCB) (composed of the central banks of its member states). The XOF conversion factor has 6 significant digits. Countries in the CFA bloc and other West African nations such as Nigeria and Ghana have for decades debated creating their own currency to promote regional trade and investment.The CFA franc was born in 1945 and at the time stood for “Colonies Francaises d’Afrique” (French Colonies in Africa).It now stands for “Communaute Financiere Africaine” (African Financial Community) in West Africa and in Central Africa it means “Cooperation Financiere en Afrique Centrale” (Financial Cooperation in Central Africa).THE Federal Ministry of Youth and Sports is set to implement the removal of squatters from the nation’s stadia, especial...Rwandan investigators announced Monday they had arrested Paul Rusesabagina, whose heroic actions during the 1994 genocid... Major smartphone brands are pulling out their big guns in the second quarter of 2020. After the devaluation, 1 French franc was worth 100 CFA and when the French currency joined the euro zone, the fixed rate became 1 euro to 656 CFA francs.
However, the changes will only affect the West African form of the currency used by Benin, Burkina Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal and Togo - all former French colonies except Guinea Bissau.