XAF
Business & Finance abbreviation · Currency
| Stands for | Central African CFA franc |
|---|---|
| Categories | Business & Finance |
XAF stands for Central African CFA franc, a currency abbreviation.
Shared currency of Cameroon, the Central African Republic, Chad, the Republic of the Congo, Equatorial Guinea and Gabon, issued by the Bank of Central African States (BEAC) and pegged to the euro at 655.957 francs.
Example: The Yaounde hotel charges XAF 45,000 per night.
Usage notes
Although XAF and XOF have identical values, banknotes of one zone are not accepted in the other. CFA originally stood for Colonies francaises d'Afrique; for this zone it is now read as Cooperation financiere en Afrique centrale. Both CFA francs were devalued by half in 1994.