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Currency & Exchange

Currency of Senegal: The West African CFA Franc

Name: Senegal currency and money reference
Creator: DigifyWorld

DakarLocal time

West African CFA franc · BCEAO · pegged to the euro

The West African CFA Franc

ISO XOF · SENEGAL

The West African CFA Franc

ISO codeXOF

655.957

Fixed peg, XOF per EUR1

Since 1999

Banknote denominations

500 to 10,000 F

Countries sharing this currency

WAEMU

1959

BCEAO established

Headquartered in Dakar

CurrencyCFA franc

ISO codeXOF

Largest note10,000 F

Pegged toEuro, fixed

UnionWAEMU

Who Issues Senegal's Currency

Senegal does not have its own national currency-issuing central bank. Its currency, the West African CFA franc, is issued by the Central Bank of West African States (BCEAO), the shared monetary authority for the eight-country West African Economic and Monetary Union (WAEMU): Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. BCEAO was established in 1959 and is headquartered in Dakar, Senegal.

Fixed peg: the West African CFA franc has been pegged to the euro at a fixed rate of 1 EUR = 655.957 XOF since 1999, continuing an earlier fixed peg to the French franc that dated to 1948. Unlike a floating exchange rate, this peg does not move day to day.

Exchange Rate Context

A standalone conversion panel is not shown when this page does not carry a separate sourced reference-rate observation for the country currency setup.

Reference-rate status

No separate country-specific reference-rate value is displayed in the current page data.

Conversion guidance

Conversion tools are shown only when a directly sourced reference rate is available for this page.

Banknotes and Coins

Banknotes

BCEAO's current banknote range comprises 500, 1,000, 2,000, 5,000 and 10,000 CFA francs. These denominations are shared across the West African Monetary Union.

500 FBCEAO

1,000 FBCEAO

2,000 FBCEAO

5,000 FBCEAO

10,000 FBCEAO

Shared BCEAO design

Coins

BCEAO circulation data identifies the standard coin denominations used across the union: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.

10F

25F

50F

100F

200F

250F

500F

Shared BCEAO coinage

Cashless Payments

Not shown for Senegal: available figures for Senegal's payment landscape use several different, non-comparable definitions across sources, including mobile money account penetration and electronic-money-account-per-capita rates that can exceed 100%. Without a single authoritative source using a definition comparable to the value-based cashless ratios shown for other countries, this page omits a cashless percentage rather than presenting an apples-to-oranges figure.

Frequently Asked Questions

What is Senegal's currency?

The West African CFA franc, ISO code XOF, shared with seven other West African countries: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, and Togo.

Who issues Senegal's currency?

The Central Bank of West African States (BCEAO), the regional monetary authority for the eight-country West African Economic and Monetary Union (WAEMU). Senegal does not have its own separate currency-issuing central bank; BCEAO's headquarters are in Dakar, Senegal.

Is the West African CFA franc pegged to another currency?

Yes. It has been pegged to the euro at a fixed rate of 1 EUR = 655.957 XOF since 1999, continuing an earlier fixed peg to the French franc that dated to 1948.

Why doesn't this page show a cashless payment percentage?

Available figures for Senegal use several different, non-comparable definitions, without a single authoritative source using the same definition as other DigifyWorld currency pages. Rather than force an apples-to-oranges comparison, this section is omitted.

Data note: Figures marked with * are sourced from external institutions or data providers and may change after publication. Exchange rates, payment statistics and other time-sensitive figures are provided for general reference and may not reflect current market, bank, card-network or transaction rates. DigifyWorld aims to use reliable sources and keep information current, but cannot guarantee that all data is complete, real-time or 100% accurate. Check the cited source or relevant monetary authority when making financial decisions.

Sources & methodology

Sources for the data and definitions shown above.

View sources used for this page

Central Bank of West African States (BCEAO)

Issuing authority, currency union membership, banknote and coin denominations.

Official Journal of the European Union

Confirmation of the fixed EUR/XOF peg rate.

BCEAO - banknotes and coins

BCEAO - 2003 banknote range and coins

Data availability note: this page deliberately omits a cashless payment module because no single authoritative, comparably-defined figure was found for Senegal, per DigifyWorld's rule against forcing incompatible data into a uniform display. Not financial advice.