CFA franc

American  

Or C.F.A. franc

noun

1. a monetary unit used by several countries in West Africa, including Benin, Ivory Coast, Niger, Senegal, Togo, and Burkina Faso.

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Etymology

Origin of CFA franc

Abbreviation of Communauté financière africaine African Financial Community

Example Sentences

Senegal's president-elect says he will drop the much-criticised CFA franc currency, which is pegged to the euro and backed by former colonial power France.

From BBC

The former tax collector wants a withdrawal from the CFA franc - the regional currency used by 14 African countries, which is pegged to the euro under a French government guarantee.

From BBC

Seven of the nine Francophone states in West Africa still use the CFA franc, which is pegged to the euro and guaranteed by France, as their currency, a legacy of French economic policy towards its colonies.

From BBC

Before now a taboo subject in Senegalese political discourse, Mr Sonko's call for a "responsible and intelligent" exit from the CFA franc - the regional currency used by 14 African countries most of which are francophone and pegged to the euro under a French government guarantee - has increased his popularity.

From BBC

But he is also anxious to pursue the diversification of French engagement across a much broader canvas, touching culture, history, immigration, trade, development and even reform of the CFA franc - a currency used by 14 countries and pegged to the euro under a guarantee provided by Paris.

From BBC