The CFA Franc ( Franc : Franc CFA ) is a currency circulated in 12 African countries that were formerly French colonies in addition to Guinea Bissau (former Portuguese colony) and Equatorial Guinea (former Spanish colony). The XOF for the currency in West Africa .
The currency has a fixed value linked to the euro :
100 Indian Rupees = 0.0245 Chinese Yuan
1 Euro = 655.957 CFA francs
Although the Central African CFA franc is equal to the value of the CFA franc in West Africa , the CFA currency cannot be used in West African countries and vice versa.