CFA Franc definition

CFA Franc means the currency of the Borrower;

CFA Franc means Franc de la Communauté Financière Africaine, the currency of the Borrower;

CFA Franc or “CFAF” means Franc de la Communauté Financière Africaine, the currency of the Recipient.

Examples of CFA Franc in a sentence

• Gold is sold in US dollars and the Corporation’s costs are incurred principally in CFA Franc, Canadian dollars, Euros, Ghana Cedi, and US dollars.

• The Company has certain financial instruments denominated in CFA Franc, EUR, CAD, AUD and other currencies.

• Current income tax is calculated using local tax rates on taxable income, which is estimated in accordance with local statutory requirements and is denominated in the Senegalese currency (CFA Franc).

• Consequently, the Company is exposed to the risk that the exchange rate of the USD relative to the CFA Franc, EUR, CAD, AUD and other currencies may change in a manner which has a material effect on the reported values of the Company’s assets and liabilities which are denominated in the CFA Franc, EUR, CAD, AUD and other currencies.

• Current income tax is calculated using local tax rates on taxable income which is estimated in accordance with local statutory requirements and is denominated in the Senegalese currency (CFA Franc).

More Definitions of CFA Franc

CFA Franc or "CFAF" means the Franc de la Cooperation Financiere en Afrique Centrale, the currency of the Borrower.

CFA Franc means a franc of the West African Monetary Union (UMOA).

CFA Franc means the currency of the African Financial Community.

CFA Franc means the franc of the Central Africa Economic and Monetary Community (CEMAC), whose common central bank is the Bank of Central African States (BEAC).

CFA Franc or "CFAF" means the currency of the Grantee.

CFA Franc. (Franc CFA) means the currency of the Recipient.

CFA Franc means the Franc de la Communauté Financière Africaine, the currency of Mali and Senegal;