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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 East Caribbean Dollar (XCD) is the official currency used by eight countries and territories in the Eastern Caribbean region. It is managed by the Eastern Caribbean Central Bank (ECCB) and is pegged to the US dollar, which provides stability and confidence in its value across the region.