Central African States Francs Banknotes

Central African States CFA Franc is the currency of six countries in Central Africa including Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. CFA stands for Coopération Financière en Afrique centrale (Financial Cooperation in Central Africa). Cameroon, Central African Republic, Chad, Republic of Congo and Gabon were all French colonies or territories who continued to use the CFA Franc after their independence. However, Equatorial Guinea was a Spanish colony that adopted the CFA Franc in 1985. The CFA Franc is supported by the French Treasury and has a fixed exchange rate.