CFA

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Related to CFA franc: XOF

CFA

abbreviation for Certified First Assistant.
References in periodicals archive ?
The CFA franc was created in 1945 as France's colonial currency by General Charles De Gaulle and his officials.
A: The CFA franc zone has engendered a long-running debate which continues to raise new arguments among economists.
The CFA franc may strengthen even further against the dollar as prominent central banks, led by China, Japan, Taiwan, South Korea, Russia and Singapore, diversify their forex reserves away from the fragile US dollar.
Between 2000 and 2004, the African currencies that gained most against the US dollar were the CFA franc (+37%), South African rand (+26%), Botswana pula (19%), Moroccan dirham (+19%) and Algerian dinar (+13%).
By contrast, the CFA franc rose 2% over the same period.
Together with other CFA franc countries, the Burkinabe authorities are working on a legal framework for business activity.
The devaluation of the CFA franc opened the way for Senegal to improve its external competitiveness and lay the basis for a durable resumption of economic growth and a return to external viability.
The CFA franc could appreciate against other major currencies if the euro achieves parity with the dollar during 2002.
say leading economists in 13 West and Central African countries with currencies tied to the Cfa franc.
The key element of this program is the realignment of the exchange rate of the CFA franc by 50 percent against the French franc effective January 12, 1994.
The good thing about the CFA franc is that it has a fixed rate with the euro, so its value changes only according to the value of the euro.
Recognizing that it could not rely solely on internal adjustment to restore competitiveness, diversify the economy, and improve productivity, the government joined the other members of the CFA franc zone in broadening its adjustment strategy to include a devaluation of the CFA franc by 50 percent, effective January 12, 1994.