Franc Zone
Franc Zone : The Franc Zone (French: Zone Franc, ZF) is a monetary union among countries whose currencies are linked to the French franc at a fixed rate of exchange: Benin, Burkina, the Cameroon, Central African Republic, Chad, Comoros, Congo, Equatorial Guinea, France, Gabon, Cote d'Ivoire, Mali, Niger, Senegal, and Togo These countries have agreed to hold their reserves primarily in French francs and to transact exchanges on the Paris market The zone was established in May 1951 under the auspices of a French government agency: Comite Monetaire de ZF
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