Date
Jun 28, 2023 4:37 PM
Tags
Chad has a diverse history of currency notes that reflects its changing political and economic landscape. Here is an overview of the currency notes used in Chad:
- French Equatorial African franc (FEAF): From 1945 to 1958, Chad was part of the French Equatorial Africa federation, and the official currency was the French Equatorial African franc. The FEAF banknotes featured portraits of French officials and African cultural motifs.
- Central African CFA franc (XAF): Following Chad's independence in 1960, it joined the Central African Monetary Union and adopted the Central African CFA franc as its official currency. The banknotes of the Central African CFA franc depicted local landmarks, cultural scenes, and important figures from Chad and the region. The designs of the banknotes were often shared among the member countries of the monetary union.
- National currency (Chadian franc): In 1973, Chad introduced its national currency, the Chadian franc (XAF). The Chadian franc banknotes featured various symbols of Chad's culture, history, and natural resources, including wildlife, landscapes, and important figures. However, economic instability and inflation led to currency devaluation and challenges in maintaining the value of the Chadian franc.
- Return to Central African CFA franc: Due to economic difficulties, Chad returned to using the Central African CFA franc as its official currency in 1994. The banknotes used in Chad are the same as those used in other member countries of the monetary union, such as Cameroon, Central African Republic, Congo, Equatorial Guinea, and Gabon. These banknotes feature a combination of French and African elements, including portraits, landmarks, and cultural symbols, representing the shared history and heritage of the region.
The Central African CFA franc, denoted as XAF, continues to be the official currency of Chad. The banknotes reflect the cultural and natural richness of Chad and the broader Central African region.