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Cameroon Currency
The official national Cameroon currency is the Central African CFA franc. The Cameroon currency CFA franc was first introduced by French colonists, who replaced French Equatorial franc from all the Equatorial African colonies to CFA franc in 1945. The Cameroon currency is not much strong internationally, making it a below-average income country. Its economy is largely dependent on crude oil, natural gas and other natural energy reserves being extracted and exported. As stated by World Bank in 2016, Cameroon experienced a slower overall growth in its economy, hence Cameroon currency did not rise up much in the past years.
Details About Cameroon Currency
Cameroon currency, CFA franc is also used in other African countries, such as Central African Republic, Republic of Congo, Chad, Equatorial Guinea, and Gabon. However, the central back which controls Cameroon currency and all the CFA franc of all these central African countries is situated in Yaoundé, the capital of Cameroon. Here, all the CFA franc are distributed from to every state.
Cameroon Currency to PKR & Euro
The rate of euro to Cameroon currency CFA franc is 1 euro is equal to CFA 655.957. Moreover, the rate of Pakistani rupee to Cameroon currency CFA franc is 1 pkr is equal to CFA 4.52. The franc is distributed in both the banknotes and coins. It is further divided into centimes. The CFA franc banknotes are distributed in the denominations of 500, 1000, 2000, 5000 and 10,000 francs. The Cameroon currency coins are circulated in the denominations of 2-, 5-, 25-, 50-, 100-, and 500-franc coins.