Pound Sterling to CFA Franc — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, Togo

Currency Code, Symbol: XOF, CFA

Denominations of coins in circulation: 1, 5, 10, 25, 50, 100, 200, 250, 500 francs CFA

Denominations of banknotes in circulation: 500, 1,000, 2,000, 5,000, 10,000 francs CFA

History: The West African CFA franc (BCEAO ) is a unified currency used in 8 African states, that are part of the CFA. In 2020, the participants are planning to eliminate the currency on their territories. On the international financial market in currency exchange, the currency is known as XOF.Centimes are used as change for the West African CFA franc. Every XOF has 100 centimes. The currency has been in circulation since 1945 after the French West African franc was eliminated. Representatives of the local fauna are used in the notes’ design. There are rhinos, dromedaries, red-crested turacos.Read More