US Dollar to CFA Franc — exchange rate

Country of Circulation: United States, British Virgin Islands, Ecuador, Panama and others

Currency Code, Symbol: USD, $

Denominations of coins in circulation: 1¢, 5¢, 10¢, 25¢

Denominations of banknotes in circulation: $1, $2, $5, $10, $20, $50, $100

History: The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.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