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LOCAL CURRENCY IN TOGO

Need to know how much is your money worth in Togo? The money used in Togo is called CFA Franc.

The Togolese CFA Franc is issued and managed by the Central Bank of the West African States. To find out the current currency exchange rates for CFA Franc to other major currencies of the world, click on foreign currency rates.

Togolese Currency Information
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The currency used in Togo is called as the CFA Franc. This currency is denoted with the currency sign CFA and the ISO 4217 Code for the Togolese CFA Franc is XOF. The CFA Franc, is the official currency of the Togo . It is divided into 100 smaller units called Centime.

The constitution of Togo provides that the Togo government shall have the power to print the Togolese CFA Franc and Centime coins to be used as a legal tender in Togo. The Togolese CFA Franc bank notes and Centime coins are both designated as "legal tender" in payment of debts.

The Togolese CFA Franc bill uses the decimal system, consisting of 100 equal units.

The symbol CFA, usually written before the numerical amount, is used for the Togolese CFA Franc.

Currently printed bank notes denominations are 1,000, 2,000, 5,000, 10,000 francs and the coins are minted in the denominations of 1, 5, 10, 25, 50, 100, 200, 250, 500 francs .

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The Effect of Balance of Trade and Investment on the Value of Togolese CFA Franc
Financial analysts regularly cite the balance of trade and investment in Togo as the most important influence on the value of the CFA Franc. The difference between what the Togo exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from CFA Franc exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into CFA Franc exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Togolese CFA Franc.
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