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1 Franc CFA
| Issuer | Bank of Central African States |
|---|---|
| Year | 2024 |
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| Value | Log in to see details |
| Currency | CFA franc (Bank of Central African States, 1973-date) |
| Composition | Log in to see details |
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| Obverse description | Central field features the large numeral '1' flanked on either side by stylized antelope heads in profile, rendered in low relief. Below the numeral, the denomination legend 'FCFA' is inscribed, with the date '2024' appearing beneath it. The upper peripheral legend reads 'BANCO DE LOS ESTADOS DE AFRICA CENTRAL', while the lower peripheral legend reads 'BANK OF CENTRAL AFRICAN STATES', both arcing along the rim. A finely beaded inner border separates the legends from the central design field. |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | BANCO DE LOS ESTADOS DE AFRICA CENTRAL 1 FCFA 2024 BANK OF CENTRAL AFRICAN STATES (Translation: Bank of [the] Central African States) |
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| Additional information |
The CFA franc zone traces its structure to a 1972 agreement that split the original single currency into two parallel blocs — one for West Africa, one for Central Africa — each with its own issuing bank but both pegged to the French franc, and later the euro, at a fixed rate. France's guarantee of convertibility, long defended as monetary stability, has drawn sustained criticism from African economists and governments as a mechanism that keeps monetary policy outside the hands of the issuing states. The 1 franc denomination has essentially no purchasing power in modern Central African economies.