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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.
The Canadian Dollar (CAD) is the official currency of Canada, represented by the symbol '$' and the code 'CAD'. It is subdivided into 100 cents and is one of the most traded currencies in the world, often regarded as a commodity currency due to Canada's rich natural resources.