Central African Franc in Cuban convertible peso

XAF Central African Franc

Country of application:
Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, Gabon

Coin denominations in circulation:
1, 2, 5, 10, 25, 100, 500 francs.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000, 10000 francs.

History reference:
The national official currency of Cameroon is the CFA franc BEAC, the franc of financial cooperation in Central Africa, or the Central African franc (international designation XAF). The Central Afric...an franc is the currency of thirteen African countries in the French franc currency area. The XAF has its origins in Frances African colonial empire. France ruled most of West and Central Africa from the mid-nineteenth century to the mid-twentieth century. In 1910, the French government established the French Equatorial Africa, which was a federation of French colonial possessions in Equatorial Africa, stretching north from the Congo River to the Sahel.

CUC Cuban convertible peso

Country of application:
Cuba

Coin denominations in circulation:
5, 10, 25, 50 centavos, 1 Cuban Convertible Peso.

Denominations of banknotes in circulation:
1, 3, 5, 10, 20, 50, 100 Cuban Convertible Pesos.

History reference:
On October 23, 2013, a message was published by the Council of Ministers of Cuba on agreeing on a schedule for the implementation of measures to unify the countrys monetary circulation, providing for... a gradual transition from a system of two currencies to a single Cuban currency[1]. On January 1, 2021, a large-scale reform was launched in the republic to abolish the dual monetary system, announced in December 2020 by Cuban President Miguel Mario Diaz-Canel.[2] From the beginning of 2021, Cuba began to withdraw convertible pesos from circulation, giving citizens 180 days to exchange savings in banks for Cuban pesos at a rate of 1:24