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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.


Etymology

Origin of CFA franc

Abbreviation of Communauté financière africaine African Financial Community

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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 • Mar. 25, 2024

Other crypto advocates said it was a rebuke to the CFA franc.

From Reuters • Apr. 28, 2022

The country currently uses the French-backed CFA franc as its currency, along with most other former French colonies in Africa.

From BBC • Apr. 27, 2022

Many African countries use the CFA franc that is pegged to the euro, while a few choose to peg the South African rand.

From The Wall Street Journal • Aug. 25, 2015

The devaluation of the CFA franc - its currency - by 50% in January 1994 sparked a one-time inflationary surge, to 35%; the rate dropped to 6% in 1996.

From The 2008 CIA World Factbook by United States. Central Intelligence Agency