# Central African CFA franc

> Currency of several Central African countries

**Wikidata**: [Q847739](https://www.wikidata.org/wiki/Q847739)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Central_African_CFA_franc)  
**Source**: https://4ort.xyz/entity/central-african-cfa-franc

## Summary
The Central African CFA franc is the currency used by several Central African countries, including Cameroon, Central African Republic, Chad, Republic of the Congo, Gabon, and Equatorial Guinea. It was introduced in 1961 and is part of the broader CFA franc system, which also includes the West African CFA franc. The franc is issued by the Bank of Central African States (BEAC), the central bank of the region.

## Key Facts
- The Central African CFA franc was introduced in 1961.
- It is used by six countries: Cameroon, Central African Republic, Chad, Republic of the Congo, Gabon, and Equatorial Guinea.
- The currency is part of the CFA franc system, which also includes the West African CFA franc.
- The Bank of Central African States (BEAC) is responsible for issuing and managing the franc.
- The franc is named after the French word "franc," reflecting its historical ties to French colonial influence.
- The currency replaced previous local currencies and the British West African pound in the region.
- The franc is divided into 100 centimes, similar to other CFA franc currencies.

## FAQs
**What countries use the Central African CFA franc?**
The Central African CFA franc is used by Cameroon, Central African Republic, Chad, Republic of the Congo, Gabon, and Equatorial Guinea.

**Who issues the Central African CFA franc?**
The Bank of Central African States (BEAC) is responsible for issuing and managing the Central African CFA franc.

**What is the relationship between the Central African CFA franc and the West African CFA franc?**
Both currencies are part of the CFA franc system, which includes the West African CFA franc. The Central African CFA franc is used in Central Africa, while the West African CFA franc is used in Western Africa.

**How is the Central African CFA franc divided?**
The Central African CFA franc is divided into 100 centimes, similar to other CFA franc currencies.

**What was the Central African CFA franc introduced to replace?**
The Central African CFA franc replaced previous local currencies and the British West African pound in the region.

## Why It Matters
The Central African CFA franc plays a crucial role in the economic stability and integration of Central African countries. As the official currency of six nations, it facilitates trade, investment, and financial transactions within the region. The franc is managed by the Bank of Central African States (BEAC), which ensures monetary policy coordination and stability. This system helps reduce currency risks and promotes economic cooperation among member countries. Additionally, the CFA franc system, of which the Central African CFA franc is a part, allows for easier cross-border transactions and financial integration, supporting regional economic development.

## Notable For
- Being part of the CFA franc system, which includes the West African CFA franc.
- Facilitating economic integration and trade among Central African countries.
- Issued by the Bank of Central African States (BEAC), a key central bank in the region.
- Divided into 100 centimes, similar to other CFA franc currencies.
- Replaced previous local currencies and the British West African pound.

## Body
### Overview
The Central African CFA franc is the official currency of six Central African countries: Cameroon, Central African Republic, Chad, Republic of the Congo, Gabon, and Equatorial Guinea. It was introduced in 1961 as part of the CFA franc system, which was established to promote economic cooperation and financial stability in French-speaking Africa. The franc is issued and managed by the Bank of Central African States (BEAC), the central bank of the region.

### History
The Central African CFA franc was introduced in 1961, replacing previous local currencies and the British West African pound. The currency was part of the broader CFA franc system, which was designed to facilitate economic integration and financial transactions among French-speaking African nations. The franc was named after the French word "franc," reflecting its historical ties to French colonial influence.

### Economic Role
The Central African CFA franc plays a crucial role in the economic stability and integration of Central African countries. As the official currency of six nations, it facilitates trade, investment, and financial transactions within the region. The franc is managed by the Bank of Central African States (BEAC), which ensures monetary policy coordination and stability. This system helps reduce currency risks and promotes economic cooperation among member countries.

### Division and Usage
The Central African CFA franc is divided into 100 centimes, similar to other CFA franc currencies. The currency is widely accepted and used for everyday transactions, as well as for international trade and investment. The franc is also used in financial markets, including banking and securities trading.

### Related Entities
The Central African CFA franc is part of the broader CFA franc system, which includes the West African CFA franc. The franc is issued by the Bank of Central African States (BEAC), a key central bank in the region. The currency is used by six countries: Cameroon, Central African Republic, Chad, Republic of the Congo, Gabon, and Equatorial Guinea. The franc is also related to the Economic and Monetary Community of Central Africa (CEMAC), an intergovernmental organization that promotes economic cooperation and integration in the region.

### Significance
The Central African CFA franc is significant for its role in promoting economic integration and financial stability in Central Africa. The currency is part of the CFA franc system, which allows for easier cross-border transactions and financial integration. The franc is also managed by the Bank of Central African States (BEAC), a key central bank in the region. The currency is widely accepted and used for everyday transactions, as well as for international trade and investment. The Central African CFA franc is a key part of the economic landscape of Central Africa, facilitating trade, investment, and financial transactions within the region.

## References

1. Freebase Data Dumps. 2013