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Easily convert EGP to XOF with ConvertOnline's efficient tool.
The Egyptian Pound (EGP) is the official currency of Egypt, used for all transactions within the country. It is subdivided into 100 piastres and is symbolized by the abbreviation 'LE' or the Arabic 'ج.م'. The currency is issued and regulated by the Central Bank of Egypt, playing a crucial role in the nation's economy.
The CFA Franc BCEAO (XOF) is the currency used by eight West African countries that are part of the West African Economic and Monetary Union (WAEMU). It is issued by the Central Bank of West African States (BCEAO) and is pegged to the Euro, ensuring stability in exchange rates and promoting economic cooperation among member states.