What circulates in the West African States monetary union?

Started by Bimat, January 14, 2009, 06:03:10 PM

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BC Numismatics

#15
Harold,
  The Ariary was originally a coin denominated at 5 Malagasy Francs.The Ariary is now the other current non-decimal currency apart from the Ouguiya & Khoums.

As for Franc currencies that never had Centimes issued for it,the New Hebridean Franc was one of those.Both the Burundian & Rwandan Francs have also never had Centimes either,but the Camerounian Franc did.

Aidan.

Harald

and the other story:

There are two different francs CFA, which are somehow the same (namely guaranteed by the Banque de France), but not usable interchangeably, the West African (code XOF) and Central African (code XAF). In Benin the XOF is current, but not the XAF.

hope that this post does not add even more confusion  :)

cheers
--
Harald  
http://www.liganda.ch (monetary history & numismatic linguistics)

BC Numismatics

Quote from: Harald on February 13, 2009, 07:22:14 PM
and the other story:

There are two different francs CFA, which are somehow the same (namely guaranteed by the Banque de France), but not usable interchangeably, the West African (code XOF) and Central African (code XAF). In Benin the XOF is current, but not the XAF.

hope that this post does not add even more confusion  :)

cheers
--
Harald  

Harald,
  Both C.F.A. Francs were pegged against the French Franc at a rate of around 5 C.F.A. Francs to 1 French Franc.Now it is pegged to the Euro,whose rating I am not sure of.

Aidan.

chrisild

Quote from: BC Numismatics on February 13, 2009, 07:27:50 PM
Both C.F.A. Francs were pegged against the French Franc at a rate of around 5 C.F.A. Francs to 1 French Franc.Now it is pegged to the Euro,whose rating I am not sure of.

Hmm. The rate is a little different - 1 euro is 655.957 CFA francs (XAF and XOF) ...

Christian

africancoins

>>Hmm. The rate is a little different - 1 euro is 655.957 CFA francs (XAF and XOF) ...<<

So it was 100 CFA Francs to the French Franc upto the time of the introduction of the Euro.

Thanks Mr Paul Baker

Harald

Aidan

neither the ariary nor the ouguiya have any sub-unit (when speaking of currencies not coins), so you cannot call them non-decimal. all accounting is done in ariary alone, while before it was done in francs malgache and ariary together. for political reasons the word "franc" was bannished from the currency legislation. iraimbilanja is just a coin name.

btw, "khums" is the denomination (arabic for "one fifth"), it is not even a unit name. here it is like saying one ouguiya equals five (1/5), when quoting the French side of the coin.

cheers
--
Harald
http://www.liganda.ch (monetary history & numismatic linguistics)

BC Numismatics

Quote from: Harald on February 14, 2009, 05:06:59 PM
Aidan

neither the ariary nor the ouguiya have any sub-unit (when speaking of currencies not coins), so you cannot call them non-decimal. all accounting is done in ariary alone, while before it was done in francs malgache and ariary together. for political reasons the word "franc" was bannished from the currency legislation. iraimbilanja is just a coin name.

btw, "khums" is the denomination (arabic for "one fifth"), it is not even a unit name. here it is like saying one ouguiya equals five (1/5), when quoting the French side of the coin.

cheers
--
Harald


Harald,
  You are not correct.The Khoums is what the Ouguiya is divided into,& the Iraimbilanja is what the Ariary is divided into.Therefore,they are both currency units,albeit,subdivisions of the larger currency units.

Have a read here; http://en.wikipedia.org/wiki/Malagasy_ariary & here; http://en.wikipedia.org/wiki/Mauritanian_ouguiya .

Aidan.

africancoins

>>neither the ariary nor the ouguiya have any sub-unit (when speaking of currencies not coins)<<

This is just like the pre-decimal penny (in some L.S.D. areas) was divided into 4 farthings in coins BUT the farthing was not a currency unit as farthings would be accounted as a number of quarters of a penny.

Thanks Mr Paul Baker

Harald

Quote from: BC Numismatics on February 14, 2009, 08:07:28 PM
Harald,
  You are not correct.The Khoums is what the Ouguiya is divided into,& the Iraimbilanja is what the Ariary is divided into.Therefore,they are both currency units,albeit,subdivisions of the larger currency units.

Have a read here; http://en.wikipedia.org/wiki/Malagasy_ariary & here; http://en.wikipedia.org/wiki/Mauritanian_ouguiya .

Aidan.

Don't believe in Wikipedia without cross-checking, this is unreviewed information. For instance you can visit the website of respective the national banks. Often the currency law is published there.

cheers
--
Harald
http://www.liganda.ch (monetary history & numismatic linguistics)

Harald

Quote from: BC Numismatics on February 14, 2009, 08:07:28 PM
Harald,
  You are not correct.The Khoums is what the Ouguiya is divided into,& the Iraimbilanja is what the Ariary is divided into.Therefore,they are both currency units,albeit,subdivisions of the larger currency units.

Aidan.

good news Aidan,
I have discovered another non-decimal currency: Rwanda: 1 franc = 2 urumiya (check KM# 9 !!)

As you might perhaps guess, "urumiya" means "half" in kinyarwanda.

cheers
--
Harald
http://www.liganda.ch (monetary history & numismatic linguistics)

BC Numismatics

Quote from: Harald on February 19, 2009, 12:25:16 PM
good news Aidan,
I have discovered another non-decimal currency: Rwanda: 1 franc = 2 urumiya (check KM# 9 !!)

As you might perhaps guess, "urumiya" means "half" in kinyarwanda.

cheers
--
Harald


Harald,
  Can you please post some photos of the Urumiya & Franc coins from Rwanda?

Kinyarwanda is a language that I have never studied.

Aidan.

Harald

here we go

The picture is taken from NumisMaster, but as stealing is a form of practical admiration this should be OK with Krause Publications.
--
Harald


http://www.liganda.ch (monetary history & numismatic linguistics)

BC Numismatics

Quote from: Harald on February 19, 2009, 12:45:46 PM
here we go

The picture is taken from NumisMaster, but as stealing is a form of practical admiration this should be OK with Krause Publications.
--
Harald




Harald,
  The Rwandan 1/2 Franc (Urumiya) is actually the Rwandan 50 Centimes coin,which makes the Rwandan Franc a decimal currency like the Belgian Congo Franc,the Rwandan & Burundian Franc,& the Burundian Franc itself.

Aidan.

Harald

of course is it decimal, I was kidding...  ;D

but it illustrates that you easily get confused by foreign languages, such as the first cataloguers got by the word "khums" (which means "fifth").

BTW, the German "Weltmünzenkatalog" by G.Schön has long since corrected its entry on Mauritania, just Krause-Mishler suffers from a learning resistance, and gets quoted & quoted & ...

anyway, I feel that it is time to let the subject rest
cheers
--
Harald
http://www.liganda.ch (monetary history & numismatic linguistics)