Central African CFA Franc - XAF

Filed Under » ,
Dictionary Says

Definition of 'Central African CFA Franc - XAF'

The currency of six independent states in central Africa. The Central African CFA franc uses both coins and banknotes, and is subdivided into centimes. The currency is regulated by the Bank of Central African States. Members include Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon.

CFA stands for "Communatué financière d'Afrique" (African Financial Community).

Investopedia Says

Investopedia explains 'Central African CFA Franc - XAF'

Along with the West African CFA franc, the Central African CFA franc makes up the currency of most of central and west Africa. It was introduced after the second world war and replaced the French Equatorial African franc. It is now pegged to the euro.

Articles Of Interest

  1.

    Go International With Foreign Index Funds

    As global trade continues to expand and the world's economies grow, spice up your portfolio with these exciting opportunities.

  2. An Evaluation Of Emerging Markets

    Get the full story on this asset class before you write it off as too risky.

  3. Broadening The Borders Of Your Portfolio

    Find out what type of international fund might suit your needs, in order to gain exposure to foreign markets.

  4. The New World Of Emerging Market Currencies

    Take advantage of foreign currency markets without stepping out of your house.

  5. What Is An Emerging Market Economy?

    Emerging markets provide new investment opportunities, but there are risks - both to residents and foreign investors.

  6. Forging Frontier Markets

    Pioneering is never easy, but it has its exciting - and worthwhile - moments for investors.

  7. How Bitcoin Works

    Bitcoin is a digital currency that exists almost wholly in the virtual realm, unlike physical currencies like dollars and euros. A growing number of proponents support its use as an alternative ...

  8. How To Survive When Prices Double Every Day And A Half

    Hyperinflation can destroy your life savings in a matter of months or less. We’ve seen again and again throughout history…Germany in the 1920s, Hungary in the 1940s, Yugoslavia in the 1990s and ...

  9. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?

  10. Five ETFs To Cash In On Japan’s Rise

    With the election of Shinzo Abe and birth of “Abenomics”, things are looking up for Japan's exporting dependent nation. For investors, Japan may finally be awaking from its doldrums.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Racketeering

    Racketeering refers to criminal activity that is performed to benefit an organization such as a crime syndicate. Examples of racketeering activity include...

  2. Lawful Money

    Any form of currency issued by the United States Treasury and not the Federal Reserve System, including gold and silver coins, Treasury notes, and Treasury bonds. Lawful money stands in contrast to fiat money, to which the government assigns value although it has no intrinsic value of its own and is not backed by reserves.

  3. Fast Market Rule

    A rule in the United Kingdom that permits market makers to trade outside quoted ranges, when an exchange determines that market movements are so sharp that quotes cannot be kept current.

  4. Absorption Rate

    The rate at which available homes are sold in a specific real estate market during a given time period.

  5. Yellow Sheets

    A United States bulletin that provides updated bid and ask prices as well as other information on over-the-counter (OTC) corporate bonds...

  6. Bailment

    The contractual transfer of possession of assets or property for a specific objective.
Trading Center