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The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country. It is subdivided into 100 cents and is issued by the Bank of Jamaica, which is responsible for regulating monetary policy and maintaining financial stability in the nation.
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.