|
==Short bio==
The '''CFA franc''' (in local parlance, ''franc CFA'', following the [[French language|French]] order of the terms, or just [[franc]]), is a currency used in fourteen formerly [[France|French]]-ruled [[African]] countries. The name stands for ''Franc des Colonies Françaises d'Afrique'' (Franc of the French [[Colonies]] of Africa).
Mexican mathematics grad school student.
I'm also a major contributor of [http://planetmath.org Planetmath], the free mathematics encyclopedia.
<table style="float: right; margin-left: 1em; margin-bottom: 0.5em; width: 242px; border: #99B3FF solid 1px">
<tr><td><center>'''[[Wikipedia:Babel]]'''</center></td></tr>
<tr><td>{{User es}}</td></tr>
<tr><td>{{User en-3}}</td></tr>
<tr><td>{{User piano-2}}</td></tr>
</table>
==Images uploaded to wikipedia==
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]].
* [[Image:Drini-nonuniformconvergence.png|thumb|300px|left|Used on [[Uniform convergence]]]]
* [[Image:Drini-conjugatehyperbolas.png|thumb|300px|left|Used on [[Hyperbola]]]]
==Personal reminder==
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).
{{Opentask}}
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. One euro is therefore equivalent to 655.957 CFA francs.
The term CFA has been through several meanings: originally denoting ''Colonies françaises d'Afrique'' (French colonies of Africa), in 1958 it changed to ''Communauté française d'Afrique'' (French Community of Africa), and it now represents the financial co-operation arrangements of the countries which use the currency.
The value of the CFA franc has been widely criticized as being too high, which many economists believe favors the urban elite of the African countries which can buy manufactured goods cheaply at the expense of the farmers who cannot easily export agricultural products.
There are two versions, with the same fixed value, guaranteed by [[France]]:
*The ''Communauté financière africaine'' franc, or CFA franc BCEAO (Central Bank of West African States), for the 8 countries of the [[West African Economic and Monetary Union]] (UEMOA):
**[[Benin]]
**[[Burkina Faso]]
**[[Côte d'Ivoire]]
**[[Guinea-Bissau]]
**[[Mali]]
**[[Niger]]
**[[Senegal]]
**[[Togo]]
*The ''Coopération financière en Afrique centrale'' franc, or CFA franc BEAC (Central Bank of Central African States), for the 6 countries of the [[Central African Economic and Monetary Community]] (CEMAC):
**[[Cameroon]]
**[[Central African Republic]]
**[[Chad]]
**[[Republic of the Congo]]
**[[Equatorial Guinea]]
**[[Gabon]]
They have the [[ISO 4217|ISO 4217 currency codes]] XOF and XAF, respectively.
=== Extern Links: ===
* [http://www.usenghor-francophonie.org/textintegral/conferences/messmer/titre.htm Passé et Avenir du Franc C.F.A.]
| 