BWP to XAF

BWP - Botswanan Pula (P)
XAF - Central African CFA Franc (FCFA)
1 BWP1 XAF

Currency conversion rates from BWP to XAF

BWPXAF
1 BWP1 XAF
5 BWP5 XAF
10 BWP10 XAF
20 BWP20 XAF
50 BWP50 XAF
100 BWP100 XAF
250 BWP250 XAF
500 BWP500 XAF
1000 BWP1000 XAF
2000 BWP2000 XAF
5000 BWP5000 XAF
10000 BWP10000 XAF
XAFBWP
1 XAF1 BWP
5 XAF5 BWP
10 XAF10 BWP
20 XAF20 BWP
50 XAF50 BWP
100 XAF100 BWP
250 XAF250 BWP
500 XAF500 BWP
1000 XAF1000 BWP
2000 XAF2000 BWP
5000 XAF5000 BWP
10000 XAF10000 BWP

BWP - Botswanan Pula (BWP)

Botswanan Pula

The official currency of Botswana is the Botswana Pula (BWP). The Pula is divided into 100 thebe. The symbol for the Pula is P. The Pula is rated as one of the strongest currencies in Africa.

The Botswana Pula is the currency in Botswana (BW, BWA). The symbol for BWP can be written P. The Botswana Pula is divided into 100 thebe. The exchange rate for the Botswana Pula was last updated on Today from The International Monetary Fund. The BWP conversion factor has 6 significant digits.

Economy

  • From 1966 to 1999 Botswana had the highest growth rate in the world. The estimated growth rate during that time period was 9%.
  • Botswana has been maintaining budget surpluses and they have a large foreign exchange reserve.
  • The mining industry plays an important part in the economic growth and accounts for 36% of the GDP.
  • Agriculture in the country is low and accounts for only 1% of the total GDP.
  • Top industries are textiles, salt, diamonds, soda ash, nickel, potash, livestock processing, and copper.
  • Export products are soda ash, textiles, meat, copper, diamonds, and nickel.
  • The top export product of Botswana is diamonds.
  • Import products are electrical goods, textiles, paper products, wood, petroleum and fuel products, machinery, and foodstuffs.
  • Unemployment is estimated at 7%.
  • Botswana’s military expenditures are considered high and are criticized by the international market.
  • 70% of the country’s electricity is imported from South Africa.

History

  • In 1976, the Pula was introduced to replace the South African Rand. Banknotes were printed in denominations of 10, 5, 2, and 1 Pula.
  • In 1978, the first 20-pula note was introduced.
  • From 1991 to 1994, the 1-pula banknotes and 2-pula banknotes were replaced by coins.
  • In 2000, the 5-pula banknote was replaced with a coin. The original banknotes were discontinued and are no longer part of the currency.
  • In 2009, the latest Pula notes were introduced and the first 200-pula note was introduced.

More information about BWP - Botswanan Pula (BWP)


XAF - Central African CFA Franc (XAF)

Central African CFA Franc

The CFA Franc BEAC is pegged to the Euro at 1 Euro = 655.957 XAF. It is the currency for six independent states in central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon.

The Central African CFA is the currency in Cameroon (CM, CMR), Central African Republic (CF, CAF), Chad (TD, TCD), Congo (CG, COG), Equatorial Guinea (GQ, GNQ), and Gabon (GA, GAB). The Central African CFA is also known as Communaute Financiere Africaine BEAC Francs. The symbol for XAF can be written CFAF. The Central African CFA is divided into 100 centimes. The exchange rate for the Central African CFA was last updated on Today from The International Monetary Fund. The XAF conversion factor has 6 significant digits.

Economy

  • Cameroon is one of the most prosperous countries in Africa. The drop in commodity prices for its principal exports—petroleum, cocoa, coffee, and cotton—in the mid-1980s, combined with an overvalued currency and economic mismanagement, led to a decade-long recession. Real per-capita GDP fell by more than 60% from 1986 to 1994.
  • The Central African Republic (CAR) is classified as one of the world's least developed countries, with an estimated annual per capita income of $700 (2009).
  • Landlocked Chad's economic development suffers from its geographic remoteness, drought, lack of infrastructure, and political turmoil. About 85% of the population depends on agriculture, such as the herding of livestock.
  • The economy of the Republic of the Congo is a mixture of village agriculture and handicrafts, an industrial sector based largely on petroleum extraction, support services, and a government characterized by budget problems and overstaffing.
  • Equatorial Guinea‘s GDP has forestry, farming, and fishing as major components. Subsistence farming predominates. Although pre-independence Equatorial Guinea counted on cocoa production for hard currency earnings, the neglect of the rural economy under successive regimes has diminished the potential for agriculture-led growth.
  • Gabon depended on timber and manganese until oil was discovered offshore in the early 1970s. The oil sector now accounts for 50% of GDP and 80% of exports. Oil production is now declining from its peak of 370,000 barrels per day (59,000 m3/d) in 1997. The 1998 fall-off in oil prices had a negative impact on government revenues and the economy. Gabon public expenditures from the years of significant oil revenues were not spent well.

History

  • BEAC stands for Banque des Etats de l'Afrique Centrale.
  • The CFA Franc BEAC was introduced to the French colonies in Equatorial Africa in 1945, replacing the French Equatorial African Franc. The equatorial African colonies and territories using the CFA Franc BEAC were Chad, French Cameroun, French Congo, Gabon and Ubangi-Shari.
  • The currency continued in use when these colonies gained their independence. Equatorial Guinea, the only former Spanish colony in the zone, adopted the CFA Franc in 1984, replacing the Equatorial Guinean Ekwele at a rate of 1 Franc = 4 Bipkwele.
  • In 1948, coins were issued for use in all colonies (except French Cameroon) in denominations of 1 and 2 CFA Franc BEAC. This was the last minting of a 2-franc coin for nearly 50 years.
  • In 1958, 5-, 10- and 25-franc coins were minted (and used in French Cameroon). These coins bore the name of Cameroon, as well as the États de l'Afrique Equatorial.
  • In 1961, nickel 50-franc coins were introduced, followed by nickel 100-franc coins in 1966. Since 1971, 100-franc coins were issued by individual states. In 1976, cupro-nickel 500 francs coins were introduced.
  • Since 1985, coins have also been issued by individual states. That year also saw the introduction of 5-, 25-, 50- and 100-franc coins for use in Equatorial Guinea.
  • When the CFA Franc BEAC was introduced, notes issued by the Caisse Centrale de la France d'Outre-Mer ("Central Cashier of Overseas France") in denominations of 5, 10, 20, 100 and 1,000 Francs were in circulation. In 1947, a new series of notes was introduced for use in French Equatorial Africa, although the notes did not bear the name of the colonies. Notes were issued in denominations of 5, 10, 20, 50, 100 and 1,000 Francs, followed by those of 500 Francs in 1949, and 5,000 Francs in 1952.

More information about XAF - Central African CFA Franc (XAF)