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LOCAL CURRENCY IN CAMEROON

Need to know how much is your money worth in Cameroon? The local currency in Cameroon is called Central African CFA Franc.

The Cameroon Central African CFA Franc is issued and managed by the Bank of Central African States. To find out the current currency exchange rates for Central African CFA franc to other major currencies of the world, click on foreign currency rates.

Cameroon Currency Information
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The currency used in Cameroon is called as the Central African CFA Franc. This currency is denoted with the currency sign FCFA and the ISO 4217 Code for the Cameroon Central African CFA Franc is XAF. The Central African CFA Franc, is the official currency of the Cameroon . It is divided into 100 smaller units called centime.

The constitution of Cameroon provides that the Cameroon government shall have the power to print the Cameroon Central African CFA Franc and centime coins to be used as a legal tender in Cameroon. The Cameroon Central African CFA Franc bank notes and Centime coins are both designated as "legal tender" in payment of debts.

The Cameroon Central African CFA Franc bill uses the decimal system, consisting of 100 equal units.

The symbol FCFA, usually written before the numerical amount, is used for the Cameroon Central African CFA Franc.

Currently printed bank notes denominations are and the coins are minted in the denominations of 1, 2, 5, 10, 25, 50, 100, 500 francs 500, 1000, 2000, 5000, 10,000 francs.

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The Effect of Balance of Trade and Investment on the Value of Cameroon Central African CFA franc
Financial analysts regularly cite the balance of trade and investment in Cameroon as the most important influence on the value of the Central African CFA Franc. The difference between what the Cameroon exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Central African CFA Franc exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Central African CFA Franc exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Cameroon Central African CFA Franc.
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