The Central African Franc (CFA) is the official currency used by six countries in Central Africa, including Cameroon, Central African Republic, Chad, Republic of the Congo, Gabon, and Equatorial Guinea. It is abbreviated as XAF and is pegged to the euro, which helps stabilize its value. The currency is issued by the Bank of Central African States (BEAC). The CFA franc was introduced in 1945 and has undergone several changes since then. It is subdivided into 100 centimes, although centime coins are rarely used. The Central African Franc plays a crucial role in facilitating trade and economic stability within the region.