Central African CFA franc (XAF)

The Central African CFA franc, identified by the code XAF, is the official currency shared by six independent states in Central Africa, including Cameroon and Gabon. Issued by the Bank of Central African States (BEAC), it was created in 1945 alongside its West African counterpart. Historically pegged to the French franc, the currency has been fixed directly to the euro since 1999.