There are two African currency unions associated with multinational central banks; the West African Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) and the Central African Banque des États de l'Afrique Centrale (BEAC). Members of both currency unions use the CFA Franc as their legal tender.
Below is a list of the central banks and currencies of Africa.
Country Currency Central bank Peg West African CFA franc Central Bank of West African States 1 EUR = XOF 655.957 Central African CFA franc Bank of Central African States1 EUR= XAF 655.957 Algerian dinarBank of Algeria Angolan kwanzaBanco Nacional de Angola Botswana pulaBank of Botswana Burundian francBank of the Republic of Burundi Cape Verdean escudoBank of Cape Verde 1 EUR = CVE$110.265 Comorian francCentral Bank of the Comoros 1 EUR = 491.96775 francs Congolese francCentral Bank of the Congo Djiboutian francCentral Bank of Djibouti US$1 = 177.721 francs Egyptian poundCentral Bank of Egypt Eritrean nakfaBank of Eritrea US$1 = 15 nakfaEthiopian birrNational Bank of Ethiopia Gambian dalasiCentral Bank of The Gambia Ghanaian cediBank of Ghana Guinean francCentral Bank of the Republic of Guinea Kenyan shillingCentral Bank of Kenya Lesotho lotiCentral Bank of Lesotho ZAR at parLiberian dollarCentral Bank of Liberia Libyan dinarCentral Bank of Libya Malagasy ariaryCentral Bank of Madagascar Malawian kwachaReserve Bank of Malawi Mauritanian ouguiyaCentral Bank of Mauritania Mauritian rupeeBank of Mauritius Moroccan dirhamBank Al-Maghrib Mozambican meticalBank of Mozambique Namibian dollarBank of Namibia ZAR at parNigerian nairaCentral Bank of Nigeria Rwandan francNational Bank of Rwanda São Tomé and Príncipe dobraNational Bank of São Tomé and Príncipe 1 EUR = 24.5 STNSeychellois rupeeCentral Bank of Seychelles Sierra Leonean leoneBank of Sierra Leone Somali shillingCentral Bank of Somalia Somaliland shillingBank of Somaliland South African randSouth African Reserve Bank South Sudanese poundBank of South Sudan Sudanese poundBank of Sudan Swazi lilangeniCentral Bank of Swaziland ZAR at parTanzanian shillingBank of Tanzania Tunisian dinarCentral Bank of Tunisia Ugandan shillingBank of Uganda Zambian kwachaBank of Zambia Zimbabwe GoldReserve Bank of Zimbabwe
See also
Africa Economy of Africa United Nations Economic Commission for Latin America and the Caribbean List of African stock exchanges List of currencies in Africa
References
World Economic Outlook Database, October 2012, International Monetary Fund. Accessed on October 10, 2013.