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The two currencies, the West African CFA Franc and the Central African CFA Franc, are interchangeable with each other and with the same exchange rate. Originally, the CFA had a parity of 1.7 with the French franc, before moving on to changes of 2FF, 0.02FF and 0.01FF. Finally in 1999, it was fixed at a fixed exchange rate with the Euro of 655,957 CFA. Its convertibility is guaranteed by the Bank of France.
Nigerian Naira
Introduced in 1973, it is divided into 100 kobo. It is issued by the Central Bank of Nigeria (CBN). Its ISO code is NGN and its symbol ₦
