Noun
CFA franc (plural CFA francs)
A currency used in 12 African countries, guaranteed by the French treasury.
After several years of economic downturn and political instability, in 1997, Guinea-Bissau entered the CFA franc monetary system, bringing about some internal monetary stability. Source: Internet
"A strong currency like the CFA franc makes exports from the CFA-franc zone much more costly than they would ordinarily be and as a result economic growth suffers accordingly. Source: Internet
Comorian franc In 1981, The Comoros established an arrangement with the French government similar to that of the CFA franc. Source: Internet
Changes in countries using the franc Over time, the number of countries and territories using the CFA franc has changed as some countries began introducing their own separate currencies. Source: Internet
Consumer price inflation has declined from the 38.8% experienced in 1994 following the CFA franc devaluation, to 7.8% in 1998, and 1.0% in 1999, according to BEAC data. Source: Internet
Buhari also expressed concern over the decision of francophone countries that form the West African Economic and Monetary Union (UEMOA) to replace the CFA Franc with Eco ahead of the rest of Member States. Source: Internet