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Noun: CFA franc
  1. The name of two currencies used in Africa which are guaranteed by the French treasury.
    "The value of the CFA franc has been widely criticized as being too high, which many economists believe favours the urban elite of the African countries, which can buy imported manufactured goods cheaply at the expense of farmers who cannot easily export agricultural products."

Derived forms: CFA francs

Type of: franc

Encyclopedia: CFA franc

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