What are the African currencies? Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo currently use the CFA franc and are planning for the eco.
Is it the Ghana Cedis or the Nigerian Nira? Maybe the west African Franc cfa. Only Ghana has been able to meet all the primary criteria in any single fiscal year for a single currency. So maybe it is the Cedis.
A dream of many African people some in government and some in business. An economic and monetary union (MCU) is a type of trade bloc that features a combination of a common market, customs union, and monetary union. The African Monetary Union is the proposed creation of an economic and monetary union for the countries of the African Union, administered by the African Central Bank.
XOF is the code for the West African CFA franc, the currency of eight independent states in West Africa. Eight countries have combined they are Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo to use this currency. See West African CFA franc - Wikipedia
For flags see Africa - The World Factbook (cia.gov) These are as follows:
- BENIN
- BURKINA FASO
- CABO VERDE
- CÔTE D'IVOIRE
- The GAMBIA
- GHANA
- GUINEA
- GUINEA BISSAU
- LIBERIA
- MALI
- NIGER
- NIGERIA
- SENEGAL
- SIERRA LEONE
- TOGO
Benin
Currency: CFA franc
Monetary Code: XOF
The franc CFA is the currency of Benin. It is otherwise called the West African franc CFA.
The CFA Coins are in the range of: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
The CFA Banknotes are in the range of: 500, 1,000, 2,000, 5,000 and 10,000 CFA francs.
Pegged at: 1USD = 557.12 francs
Burkina Faso
Currency: CFA franc
Monetary Code: XOF
The franc CFA is the currency of Burkina Faso. It is otherwise called the West African franc CFA.
The CFA Coins are in the range of: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
The CFA Banknotes are in the range of: 500, 1,000, 2,000, 5,000 and 10,000 CFA francs.
Pegged at: 1USD = 557.12 francs
Cape Verde
Currency: Cape Verdean Escudo
Monetary Code: CVE
The Cape Verdean escudo is the official currency of the Cape Verde. The symbol of the currency can also be written as Esc or $.
The frequently used coins include 1, 5, 10, 20, 50, and 100
The escudo bank notes include 200, 500, 1000, 2000, 2500 and 5000 escudo
Pegged at: 1USD = 93.6694CVE
Gambia
Currency: Dalasi
Monetary Code: GMD
The Gambian Dalasi is the official currency of the Republic of Gambia. The Dalasi replaced the former Gambian pound.
The coins are in the denomination of 1, 5, 10, 25, 50 bututs and 1 Dalasi.
The bank notes are in the range of 5, 10, 20, 25, 50, 100 and 200 Dalasi
Pegged at: 1USD = 47.50 Gambian Dalasi
Ghana
Currency: Ghanaian cedi
Monetary Code: GHS
The Ghanaian cedi is the currency used in Ghana. The pesewa is one hundredth of the Ghanaian cedi. The cedi is symbolized with GH₵.
The Coins are in the denomination of 1, 5, 10, 20, 50Gp and GH₵1
The Bank notes are in GH₵1, 2, 5, 10, 20 and 50 Cedi
Pegged at: 1 USD = 4.49Cedi
Guinea
Currency: Guinean franc
Monetary Code: GNF
The Guinean franc is the official currency of Guinea. The centime is one hundredth of the Guinean franc. The Guinean franc is symbolized with GFr or just Fr.
The Coins are divided into 1, 5, 10, 25 and 50 Guinean francs
The Banknotes are split into 100, 500, 1000, 5000, 10,000 and 20,000 francs
Pegged at: 1USD = 8998.40 Guinean Franc.
Guinea-Bissau
Currency: CFA franc
Monetary Code: XOF
The franc CFA is the currency of Guinea-Bissau. It is otherwise called the West African franc CFA.
The CFA Coins are in the range of: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
The CFA Banknotes are in the range of: 500, 1,000, 2,000, 5,000 and 10,000 CFA francs.
Pegged at: 1USD = 557.12 francs
Ivory Coast
Currency: CFA franc
Monetary Code: XOF
The franc CFA is the currency of Ivory Coast. It is otherwise called the West African franc CFA.
The CFA Coins are in the range of: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
The CFA Banknotes are in the range of: 500, 1,000, 2,000, 5,000 and 10,000 CFA francs.
Pegged at: 1USD = 557.12 francs
Liberia
Currency: Liberian Dollar
Monetary Code: LRD
The Liberian Dollar is the official currency of Liberia. The Liberian Dollar is symbolized with L$. The cent is one hundredth of Liberian Dollar.
The Coins is in the denomination of 5 cents, 10 cents, 25 cents, 50 cents and 1 dollar
The Banknotes are split into 5, 10, 20, 50, 100 dollars and 500 dollars
Pegged at:1USD = 125.5 LRD
Niger
Currency: CFA franc
Monetary Code: XOF
The franc CFA is the currency of Niger. It is otherwise called the West African franc CFA.
The CFA Coins are in the range of: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
The CFA Banknotes are in the range of: 500, 1,000, 2,000, 5,000 and 10,000 CFA francs.
Pegged at: 1USD = 557.12 francs
Nigeria
Currency: Nigerian Naira
Monetary Code: NGN
The Nigerian Naira is the national currency of Nigeria. The Naira is symbolized with N. The Kobo is one hundredth of Nigerian Naira.
The coins are split into 1 kobo, 5 kobo, 50 kobo, 1 Naira and 2 Naira.
The Banknotes are in 5, 10, 20, 50, 100, 200, 500 Naira & 1000 Naira.
Pegged at: 1 USD = 363 Naira
Sierra Leone
Monetary Code: SLL
The Sierra Leonean leone is the official currency of Sierra Leone. The Sierra Leonean leone is denoted with the symbol Le. The cent is one hundredth of leone.
The Sierra Leone coin is divided into 10, 50, 100 and 500 Leones
The Banknotes are split into 1000, 2000, 5000 and 10 000 Leones
Pegged at: 1USD = 7670SLL
Senegal
Currency: CFA franc
Monetary Code: XOF
The franc CFA is the currency of Senegal. It is otherwise called the West African franc CFA.
The CFA Coins are in the range of: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
The CFA Banknotes are in the range of: 500, 1,000, 2,000, 5,000 and 10,000 CFA francs.
Pegged at: 1USD = 557.12 francs
Togo
Currency: CFA franc
Monetary Code: XOF
The franc CFA is the currency of Togo. It is otherwise called the West African franc CFA.
The CFA Coins are in the range of: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
The CFA Banknotes are in the range of: 500, 1,000, 2,000, 5,000 and 10,000 CFA francs.
Pegged at: 1USD = 557.12 francs