Country: Central African Republic (CAR)
Capital: Bangui
Currency: franc CFA
Numeric code: 950
Letter code: XAF
The name of the Central African Republic clearly indicates its location. It formed the government in 1960. On 623 thousands of square kilometers of the country still lives on less than 4.5 million people consider it to the most unpopulated in Africa. The bowels of the CAR is very abundant: gold, oil, uranium, diamonds. But the development is almost not possible. Central African Republic tops the list of poorest States.
CFA VEAS, equal to one hundred centimes, is the common currency for six neighbouring countries constituting the Monetary Union of Central African States. It includes the Central African Republic, Congo, Gabon, Chad, Cameroon and Equatorial Guinea.
CFA VEAS appeared in 1945, when France owned the majority of States that have presently financial community. France still continues to mint money for a Currency Union. Inflation very quickly dropped the price of the coins of Central Africa, and today one dollar is required to pay nearly five hundred local francs.
And yet if your intention is to buy coins of Central Africa, then you should know that they are offered infrequently, and the price of Central African coins sometimes "reaches out" to a few thousand. Catalogue of coins of Central Africa has seven of the values: 500, 100, 50, 25, 10, 5 and 1 CFA VEAS. The design of the overall money is the same everywhere.
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