Un Dollar Est Égal À Combien De Francs Cfa
Many people who are unfamiliar with African currencies may wonder how much a dollar is worth in CFA francs. The CFA franc is a currency used in several West African countries, including Senegal, Ivory Coast, and Cameroon. The currency is pegged to the euro, which means that the exchange rate is fixed.
What is the CFA franc?
The CFA franc is a currency used in 14 African countries, including Cameroon, Ivory Coast, Senegal, and Burkina Faso. It was originally created in 1945, and it is divided into two separate versions: the West African CFA franc and the Central African CFA franc. The two versions are interchangeable, meaning that they can be used in any of the countries that use the CFA franc.
How is the CFA franc pegged to the euro?
The exchange rate between the CFA franc and the euro is fixed at 1 euro = 655.957 CFA francs. This means that the value of the CFA franc is directly tied to the value of the euro. The CFA franc is guaranteed by the French treasury, which means that the French government guarantees to exchange CFA francs for euros at a fixed rate.
What is the current exchange rate between the dollar and the CFA franc?
The exchange rate between the dollar and the CFA franc changes regularly, as it is a floating exchange rate. As of August 2021, one US dollar is worth approximately 540 CFA francs. This means that if you were to exchange one dollar for CFA francs, you would receive around 540 francs in return.
How can you exchange dollars for CFA francs?
If you are traveling to a West African country that uses the CFA franc, you will need to exchange your dollars for CFA francs. You can do this at currency exchange booths, banks, or hotels. It is important to shop around for the best exchange rate, as rates can vary from one place to another.
Why is the CFA franc still used?
The CFA franc has been the subject of much controversy over the years, with some critics arguing that it is a relic of colonialism and that it hinders economic growth in the countries that use it. However, many African countries continue to use the CFA franc because it provides stability and a reliable currency for international trade.
Conclusion
In conclusion, the exchange rate between the dollar and the CFA franc changes regularly, but as of August 2021, one dollar is worth approximately 540 CFA francs. The CFA franc is a currency used in several West African countries, and it is pegged to the euro at a fixed exchange rate. While the CFA franc has been the subject of controversy, many African countries continue to use it because it provides stability and reliability for international trade.