Cryptocurrency Q&A
What does xof stand for?
What does xof stand for?
CryptoWizardry
Mon Nov 04 2024
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6 answers
1136
I came across the term 'xof' in a document and I'm not sure what it means. I tried searching for it online, but I didn't find a clear explanation. Can someone tell me what 'xof' stands for?
6 answers
Eleonora
Wed Nov 06 2024
The West African CFA franc, denoted as XOF, holds a unique position as the common currency across eight sovereign nations in West Africa.
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Claudio
Wed Nov 06 2024
These eight nations utilize the XOF for their financial transactions, reflecting a shared economic union and cooperation.
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SilenceStorm
Tue Nov 05 2024
The XOF circulation system includes both coins and banknotes, providing convenience for daily transactions and larger financial dealings.
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CryptoTamer
Tue Nov 05 2024
The currency is subdivided into smaller units, with 100 centimes equivalent to one franc, facilitating precise transactions.
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ZenHarmony
Tue Nov 05 2024
The regulation and issuance of the XOF are managed by the Central Bank of West African States, ensuring stability and credibility.
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