Euro to Central African Franc — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, Gabon

Currency Code, Symbol: XAF, FCFA

Denominations of coins in circulation: 1, 2, 5, 10, 25, 100, 500 francs

Denominations of banknotes in circulation: 500, 1000, 2000, 5000, 10,000 francs

History: The Central African franc (CFA) is the national currency used in African countries that are part of the Financial Community of Africa (CFA). The term is also used as a general name for 2 currencies spread in 14 African countries. The currency can be simplified to XAF.The Central African franc can be divided into centimes. Every franc has 100 centimes. The currency has been in circulation since 1961, when the West African pound was removed. Equatorial Guinea, the only country where the official language is Spanish, issued coins of new format in 1985. There were Spanish writings, and also the name of the state on the averse. In 1986, the last coin of this type was issued.Read More