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Topic: CFA franc


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In the News (Sun 15 Nov 09)

  
  Franc - Wikipedia, the free encyclopedia
The franc was originally a French gold coin of 3.87 g minted in 1360 on the occasion of the release of King John II ("the good"), held by the English since his capture at the Battle of Poitiers four years earlier.
The French franc was the national currency of France from 1360 until 1641, and from 1795 until 2002.
Though abolished as a legal coin by Louis XIII in 1641 in favor of the gold louis and silver écu, the term franc continued to be used in common parlance for the livre tournois.
en.wikipedia.org /wiki/Franc   (797 words)

  
 CFA franc: Just the facts...   (Site not responding. Last check: 2007-09-18)
CFA stood for Colonies françaises d'Afrique ("French colonies of Africa") between 1945 and 1958, and then for Communauté française d'Afrique ("French community of Africa") between 1958 (establishment of the French Fifth Republic (additional info and facts about French Fifth Republic)) and the independence of these African countries at the beginning of the 1960s.
The West African CFA franc (XOF) is just known in French (The Romance language spoken in France and in countries colonized by France) as the Franc CFA, where CFA stands for Communauté financière d'Afrique ("Financial Community of Africa").
The Central Africa CFA franc (XAF) is just known in French (The Romance language spoken in France and in countries colonized by France) as the Franc CFA, where CFA stands for Coopération financière en Afrique centrale ("Financial Cooperation in Central Africa").
www.absoluteastronomy.com /encyclopedia/c/cf/cfa_franc2.htm   (1395 words)

  
 Encyclopedia: CFA franc
The CFA franc (in French: franc CFA, or just franc in everyday conversation if no ambiguity is possible) is a currency used in 12 formerly French-ruled African countries, as well as in Guinea-Bissau (former Portuguese colony) and in Equatorial Guinea (former Spanish colony).
CFA stood for Colonies françaises d'Afrique ("French colonies of Africa") between 1945 and 1958, and then for Communauté française d'Afrique ("French community of Africa") between 1958 (establishment of the French Fifth Republic) and the independence of these African countries at the beginning of the 1960s.
Though abolished as a legal coin by Louis XIII in 1641 in favor of the gold louis or écu, the term franc continued to be used in common parlance for the livre.
www.nationmaster.com /encyclopedia/CFA-franc   (382 words)

  
 CFA franc - Wikipedia, the free encyclopedia
The CFA franc was created on December 26, 1945, along with the CFP franc.
When France ratified the Bretton Woods Agreement in December 1945, the French franc was devalued in order to set a fixed exchange rate with the US dollar.
This 0.70 FRF premium is the consequence of the creation of the CFA franc which spared the French African colonies the devaluation of December 1945 (before December 1945, 1 local franc in these colonies was worth 1 French franc).
en.wikipedia.org /wiki/CFA_franc   (1428 words)

  
 Reference.com/Encyclopedia/CFA franc
The devaluation of 1994 was an attempt to reduce the value of the CFA franc.
Although Mauritania uses the Mauritanian ouguiya and not the CFA franc, Biffeche (which includes a small part of Mauritania) uses the CFA franc for commerce.
Passé et Avenir du Franc C.F.A. The CFA franc zone and the EMU
www.reference.com /browse/wiki/CFA_franc   (985 words)

  
 CFA Franc: a Colonial relic   (Site not responding. Last check: 2007-09-18)
France was also given the right of veto whenever the special account in which these funds were kept was overdrawn.
The suffering of the losers, is compounded by rising import prices, high interest rates that characterise the franc zone, and the skyrocketing level of unemployment worsened by spending controls and the massive lay-offs in the private and public sectors under the stringent conditions attached to the various structural adjustment programmes.
However, when this convertibility was nullified by France’s decision in 1993 to impose exchange control on the movements of the CFA franc, the unanimous decision of the francophone leaders to follow the French franc in the euro is incomprehensible.
sanou.mbaye.free.fr /wam_CFA_FRANC_an_enduring_colonial_relic.htm   (938 words)

  
 The CFA franc: new peg for a common currency   (Site not responding. Last check: 2007-09-18)
The CFA franc is the common currency of 14 countries in West and Central Africa, 12 of which are former French colonies.
The fixed parity between the euro and the CFA franc is based on the official, fixed conversion rate for the French franc and the euro set on January 1, 1999 (FF6.55957 = EURO1).
The CFA franc is actually pegged to the euro in de facto terms from January 1999.
www.un.org /ecosocdev/geninfo/afrec/subjindx/124euro3.htm   (559 words)

  
 Africa Recovery/UN/12#4.euro impact on Africa
For companies in CFA countries trading with companies in the European countries sharing the euro with France, the shift in the currency peg from the French franc to the euro would also mean lower commercial and currency transaction costs.
Many CFA franc zone mechanisms were simply the "monetary dimension of the colonial agreement," he said, noting that "exchange rate policies played a major role in [France's] domination of its colonies." And today, the fixed exchange rate regime "remains an essential factor in determining the economic performance of the CFA franc zone," Mr.
Although the two CFA francs are legal tender only in their respective regions, each region's central bank maintains the same parity of its CFA franc against the French franc and capital can move freely between the two regions.
www.un.org /ecosocdev/geninfo/afrec/vol12no4/euro.htm   (4843 words)

  
 Why the CFA franc must go   (Site not responding. Last check: 2007-09-18)
OURTEEN OF THE former West African French colonies use the CFA franc, whose exchange rate is pegged to the French franc, as a common currency.
The scheme was quite useful to France, which it helped to resist the tremors of the economic crises of the 1930s; it was also extremely welcome by general de Gaulle when he sought means to finance his resistance and achieved it with the gold production of the African colonies.
These groups are now speculating in the shadows for the devaluation of the CFA franc, so they can make their acquisitions at even lower prices.
sanou.mbaye.free.fr /wam_WhytheCFAfrancmustgo.htm   (1111 words)

  
 The CFA franc zone and the EMU   (Site not responding. Last check: 2007-09-18)
The prospective shift of the peg of the CFA franc from the French franc to the euro raises a number of questions.
The potential economic consequences on the CFA franc countries could be positive over the longer term, given the general expectation that the creation of the EMU would likely result in a stable euro, low inflation and interest rates, and stronger-than-otherwise output growth in EMU countries.
The main risk is a potential weakening of the external competitiveness of the CFA franc countries, arising from possible complications in the EMU process and the likelihood that the euro might be unduly strong and volatile.
www.eldis.org /static/DOC4719.htm   (249 words)

  
 CFA franc
Created together with the CFP franc on December 26, 1945 with a value of 1.7 French franc, it became worth two French francs upon France's devaluation of October 17, 1948.
With the introduction of the French new franc on January 1, 1960, the CFA franc became worth 0.02 of a new franc (the latter being equivalent to 100 old French francs).
On January 12, 1994 the CFA franc was devalued to.01 French franc, so that since the creation of the new European currency on January 1, 1999 it has been worth.00152449 euro.
www.brainyencyclopedia.com /encyclopedia/c/cf/cfa_franc.html   (385 words)

  
 History of the CFA Franc   (Site not responding. Last check: 2007-09-18)
The CFA Franc is the common currency of 14 African countries which are members of the Franc Zone, namely :
The CFA Franc was created on December 26, 1945, the day when France ratified the Bretton Woods agreement and made its first declaration of parity to the IMF.
Nowaday, the denomination CFA Franc means franc de la Communauté Financière d'Afrique (franc of the African Financial Community) for WAEMU member States, and franc de la Coopération Financière en Afrique Centrale (franc of Financial Cooperation in Central Africa) for countries belonging to the BEAC area.
www.bceao.int /internet/bcweb.nsf/pages/umuse1   (300 words)

  
 Finance & Development: The CFA Franc: zone of fragile stability in Africa.@ HighBeam Research   (Site not responding. Last check: 2007-09-18)
The CFA ('le franc des Colonies Francaises d'Afrique') franc zone in Africa is discussed.
The CFA franc zone is an outgrowth of the economic and financial arrangements under which France administered its colonies.
The most remarkable feature of the CFA franc zone is that the exchange rate against the French franc has not changed for over 40 years despite the various political and economic changes in this region.
www.highbeam.com /library/doc0.asp?DOCID=1G1:13902354&refid=holomed_1   (236 words)

  
 Library of Congress / Federal Research Division / Country Studies / Area Handbook Series/ Chad / Glossary
Libya based its claim to the area on an unratified 1935 treaty between France and Italy, the colonial powers of Chad and Libya, respectively.
The African Financial Community (Communauté Financière Africaine) franc, the currency of the organization of former French colonies, often referred to as the Franc Zone.
The CFA franc was guaranteed by the French treasury and pegged to the French franc, into which it was freely convertible.
lcweb2.loc.gov /frd/cs/chad/td_glos.html   (831 words)

  
 MSN Encarta - Search Results - CFA franc
establishment as currency, Franc, basis of the CFA franc
The monetary unit is the CFA franc, consisting of 100 centimes (581 francs equal U.S.$1; 2003 average).
Map of Franc Zone (map of member countries)
encarta.msn.com /CFA+franc.html   (118 words)

  
 GeographyIQ - CFA Franc BCEAO Exchange Rates - Current Exchange Rates   (Site not responding. Last check: 2007-09-18)
CFA Franc BCEAO exchange rates against currencies in North and South America as of 12/23/05
CFA Franc BCEAO exchange rates against currencies in Asia and Pacific as of 12/23/05
CFA Franc BCEAO exchange rates against currencies in Africa and Middle East as of 12/23/05
www.geographyiq.com /php/exchange_rates.php?currency=XOF   (106 words)

  
 AfricaRevealed - The CFA Franc currency
As a result of the Bretton Woods agreement, on December 26, 1945, France created the CFA Franc.
Since that time the CFA has been the currency of 14 african countries.
The meaning of the abreviation CFA Franc has changed a few times since it's birth.
www.africarevealed.com /page.jsp?className=node&nodeId=104   (292 words)

  
 CFA franc - Definition of word from Investor Dictionary - Define meaning of CFA franc
CFA franc - Definition of word from Investor Dictionary - Define meaning of CFA franc
Macroeconomics of Monetary Union: An Analysis of the CFA Franc Zone (Routledge Studies in Development Economics)
The Political Economy of a Common Currency: The Cfa Franc Zone Since 1945 (The International Political Economy of New Regionalisms)
www.investordictionary.com /definition/cfa+franc.aspx   (250 words)

  
 CFA Franc BCEAO Exchange Rate Graph - US Dollar - Historical Exchange Rates
Monthly Average Graph - View average monthly exchange rate history for the CFA Franc BCEAO against the US Dollar.
Invert Graph - The graph currently shows historical exchange rates for CFA Franc BCEAO per 1 US Dollar.
View Data - View historical exchange rates for the CFA Franc BCEAO against the US Dollar in a tabular format.
www.exchange-rates.org /history/XOF/USD/G/30   (259 words)

  
 ipedia.com: CFA franc Article   (Site not responding. Last check: 2007-09-18)
The CFA franc, is a currency used in fourteen formerly French -ruled African countries.
The name originally stood for Franc des Colonies Françaises d'Afrique.
Created together with the CFP franc on De...
www.ipedia.com /cfa_franc.html   (400 words)

  
 Exchange rate - CFA Franc BEAC - Mataf.net
CFA Franc BEAC - Czech Republic Koruny :
CFA Franc BEAC - Dominican Republic Peso :
CFA Franc BEAC - Israel New Shekel :
www.mataf.net /en/exchange-XAF.htm   (431 words)

  
 Middle East Open Encyclopedia: CFA franc   (Site not responding. Last check: 2007-09-18)
This is an extract from The Middle East Open Encyclopedia, made possible through the Wikimedia Foundation.
Iraq Museum International always displays the most recent published revision of the source article, CFA franc; all previous versions may be viewed here.
They link directly to authoring tools for you to start writing a particular article.
www.baghdadmuseum.org /ref?title=CFA_franc   (1548 words)

  
 Encyclopedia article on CFA franc [EncycloZine]   (Site not responding. Last check: 2007-09-18)
de:CFA-Franc es:Franco CFA fr:Zone franc lt:CFA frankas nl:CFA-frank ja:CFAフラン no:CFA-franc
Products related to CFA franc: books, DVD, electronics, garden, kitchen, magazines, music, photo, posters, software, tools, toys, VHS, videogames
Visit Curious-Minds.co.UK for educational games and toys, and science kits.
encyclozine.com /CFA_franc   (925 words)

  
 XE.com - The Full Universal Currency Converter
French Polynesia, Comptoirs Français du Pacifique Franc (XPF)
New Caledonia, Comptoirs Français du Pacifique Franc (XPF)
Wallis and Futuna Islands, Comptoirs Français du Pacifique Franc (XPF)
www.xe.com /ucc/full.shtml   (362 words)

  
 MSN Encarta - Dictionary - CFA franc definition
MSN Encarta - Dictionary - CFA franc definition
Click here to search all of MSN Encarta
Search for "CFA franc" in all of MSN Encarta
encarta.msn.com /dictionary_1861596034_1861739382/nextpage.html   (79 words)

  
 Toyzine, Currency Exchange and World Clock
Although all prices on Toyzine.com are quoted in US dollars, we understand that the world of Global Exchange Rates can be a perplexing one...
for example, just how many Belgian francs make one US dollar these days?
To make your life easier, we are linked to the Currency Exchange Calculator.
www.toyzine.com /currency.htm   (115 words)

  
 Big Bobs Webcalculus   (Site not responding. Last check: 2007-09-18)
Save this page to your favourites so that the following useful and fun
France is always one hour ahead both winter and summer!
To create your own personalised world clock go to
www.bigbobsbb.com /webcalculus.htm   (139 words)

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