JPY to XAF

JPY - Japanese Yen ()
XAF - Central African CFA Franc (FCFA)
1 JPY1 XAF

Currency conversion rates from JPY to XAF

JPYXAF
1 JPY1 XAF
5 JPY5 XAF
10 JPY10 XAF
20 JPY20 XAF
50 JPY50 XAF
100 JPY100 XAF
250 JPY250 XAF
500 JPY500 XAF
1000 JPY1000 XAF
2000 JPY2000 XAF
5000 JPY5000 XAF
10000 JPY10000 XAF
XAFJPY
1 XAF1 JPY
5 XAF5 JPY
10 XAF10 JPY
20 XAF20 JPY
50 XAF50 JPY
100 XAF100 JPY
250 XAF250 JPY
500 XAF500 JPY
1000 XAF1000 JPY
2000 XAF2000 JPY
5000 XAF5000 JPY
10000 XAF10000 JPY

JPY - Japanese Yen (¥)

The Japanese yen, one of the strongest currencies in the world, is the official currency of Japan. It is the third most traded currency and is also used as a reserve currency for the British pound sterling and the US dollar. It is a fiat currency.

The Japanese Yen is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States Dollar and the Euro. The Japanese Yen is also widely used as a reserve currency after the US Dollar, Euro, and British Pound.

The Japanese Yen is the currency in Japan (JP, JPN, JAP). The Japanese Yen is divided into 100 sen. The exchange rate for the Japanese Yen was last updated on Today from The International Monetary Fund. The JPY conversion factor has 6 significant digits.

Economy

  • Japan has a strong industrial base and is home to some of the biggest and most technologically advanced producers of motor vehicles, electronics, machinery, steel and nonferrous metals, ships, chemicals, textiles, and processed foods.
  • Agricultural enterprises use 13 per cent of the land, and Japan accounts for nearly 15 percent of the global fish catch, second only to China.
  • As of 2010, Japan’s labor force consisted of about 65.9 million workers. Japan has a low unemployment rate of around 4%.
  • In 2007 almost one in six, or 20 million, Japanese people were living in poverty.
  • Housing in Japan is subject to the limited supply of available land in urban areas.

History

  • The Japanese Yen was officially adopted by the Meiji government on May 10, 1871. The new currency was gradually introduced from July of that year.
  • The Tokugawa Japanese Yen currency replaced a complex monetary system of the Edo period based on the mon.
  • The yen, basically a unit of the United States Dollar, originated like all Dollars from Spanish pieces of eight.

More information about JPY - Japanese Yen (¥)


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)