CFA franc notes are printed in France rather than by member states

Evidence

The currencies issued by the BCC, the BEAC and the BCEAO each have their own currency code: KMF, XAF and XOF respectively. The CFA franc banknotes are produced in France by the Bank of France’s printing plant in Chamalières, in the department of Puy-de-Dôme, while the coins are minted at the Paris mint, located in Pessac, in the Gironde department. The countries of the franc zone are not the only ones to have their currencies produced abroad. Only eight of the 39 African countries that do not belong to the franc zone have their own printing facilities: Ghana, Nigeria, South Africa, Morocco, Egypt, Algeria, the Democratic Republic of the Congo and Sudan. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 243 (#corroborates, via linked claim)

Between 2013 and 2017, the BCEAO spent 226.8 million euros for the ‘maintenance of the currency circulation’, which involves the purchase, transport and insurance of banknotes, at an average cost of €45 million per year. Between the mid-2000s and 2017, the bill has reached over half a billion euros. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 244 (#expands, via linked claim)

Categorization

• XREF: connects to: Portugal replicated France’s currency cooperation model with Cabo Verde.; CFA notes and coins are still manufactured in France. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 45; All CFA franc banknotes are physically printed inside France (+6 more)

Related

• All CFA franc banknotes are physically printed inside France (similarity 0.97)
• CFA currency is still physically manufactured in France (similarity 0.96)
• CFA franc notes and coins are printed and minted entirely in France (similarity 0.96)
• Outsourced banknote production costs franc-zone states over half a billion euros (similarity 0.95)
• CFA notes and coins are still manufactured in France. (similarity 0.92)
• Producing CFA francs in France costs franc zone states over half a billion euros (similarity 0.91)
• Portugal replicated France’s currency cooperation model with Cabo Verde. (similarity 0.86)
• CFA francs are non-convertible among the three African franc-zone sub-units (similarity 0.84)
• France introduced the CFA franc to several African colonies in 1945 (similarity 0.84)
• CFA francs are not convertible anywhere in the world outside the French Treasury framework (similarity 0.83)
• The CFA system requires African central banks to deposit half their reserves with France. (similarity 0.83)
• The CFA system gives France instruments to steer franc-zone politics (similarity 0.83)
• The CFA franc gives France instruments to control the politics of 15 African states. (similarity 0.83)
• CFA franc’s real aims were draining colonial wealth into France, not African progress. (similarity 0.82)
• Fourteen countries plus the Comoros use CFA-linked francs dating from 1945. (similarity 0.82)

Broader Connections

• CFA franc notes and coins are printed and minted entirely in France #corroborates (0.95) — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 243
• Producing CFA francs in France costs franc zone states over half a billion euros #expands (0.50) — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 244