CFA franc

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.

Word History and Origins

Origin of CFA franc¹

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

Mr Faye also wants Senegal to stop using the CFA franc - the West African single currency that is pegged to the euro, with the financial backing of the French treasury, and which is regarded by his supporters as a relic of the colonial era.

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

These persist notably with the CFA franc currencies, that are tethered to the French treasury, and via cultivating close bonds with ruling elites.

From BBC

“Françafrique is characterized by institutions still in place — French troops still in Africa; the CFA franc currency; and a French paternalistic culture that must be changed, including at the summit of the French state.”

From Seattle Times