Central African Republic Currency Facts and Information

The Central African Republic has its own unique currency, the Central African CFA franc. It's a currency that's shared with six other countries in the region, including Cameroon, the Republic of the Congo, Equatorial Guinea, Gabon, the Republic of the Congo, and São Tomé and Príncipe.

The Central African CFA franc is pegged to the euro, which means its value is tied to the euro's value. This helps maintain stability and predictability in the currency's value.

The Central African CFA franc is divided into 100 centimes, but coins are not widely used in the Central African Republic.

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The Central African Republic (CAR) has a currency called the Central African CFA franc, which is issued by the Bank of Central African States.

This currency is pegged to the euro, meaning that its value is tied to the value of the euro.

The Central African CFA franc is subdivided into 100 centimes, but centimes are no longer used in everyday transactions.

The CAR's currency is managed by the Bank of Central African States, which is responsible for maintaining the stability of the currency.

The currency is widely accepted in the CAR and in other countries that use the CFA franc, including Cameroon, the Republic of the Congo, and Equatorial Guinea.

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The Central African CFA franc is one of around 180 currencies worldwide.

The Central African CFA franc trades against all other official currencies around the globe, giving us exchange rates: a measure of how much of one currency we can exchange for another.

Exchange rates can fluctuate over time due to various economic, political, and market factors.

A higher exchange rate means that the value of one currency has increased compared to another, while a lower exchange rate means the opposite.

Exchange rates are essential when travelling to, buying goods and services from, or sending money to the CAR.

You can follow the live exchange rate to the Central African CFA franc and see which providers offer the best deals.

Monito's currency pages allow you to set up smart email alerts to follow fluctuations in the exchange rate.

The exchange rate from your own bank or credit card company will differ somewhat from the exchange rates as mentioned above.

Your bank or credit card company might also apply additional international charges.

You can use a tool to enter your currency and see its exchange rate with the Central African CFA franc, or set up email alerts to be notified when the exchange rate passes a certain value.

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The Central African Republic's currency is the Central African CFA franc, which is pegged to the Euro at a fixed rate of 1 EUR = 655.957 CFA francs.

The Central African Republic has a relatively low inflation rate, averaging around 3.5% annually.

The Central African Republic's currency is widely accepted in neighboring countries, including Cameroon and the Republic of the Congo.

You can exchange your currency for CFA francs at banks, currency exchange offices, or some hotels in the Central African Republic.

The Central African Republic has a relatively small economy, with a GDP per capita of around $332.

The Central African Republic's currency is not widely traded on the foreign exchange market, which can make it difficult to exchange for other currencies.

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The Central African CFA franc trades against all other official currencies worldwide, giving us exchange rates as a measure of how much of one currency we can exchange for another.

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Exchange rates can fluctuate over time due to various economic, political, and market factors.

A higher exchange rate means that the value of one currency has increased compared to another, while a lower exchange rate means the opposite.

You can follow the live exchange rate to the Central African CFA franc with tools like Monito's currency pages, which also allow you to see which providers offer the best deals.

The exchange rate from your own bank or credit card company will differ somewhat from the exchange rates as mentioned above.

Your bank or credit card company might also apply additional international charges.

The Central African CFA franc has exchange rates with over 180 currencies worldwide, making it a significant player in global currency markets.

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