The currency used is the Communaute Financiere Africaine franc (XAF). Information is limited as to how the currency compares in use to the USD. One USD is about 447.158 XAF. the inflation rate is 4% and the PPP is $3,949.00 USD. The national debt has decreased dramatically recently. In 2009 the account balance sat at $ -1.195 billion and it 2010 at $-569 million, the debt has been slashed in half. The major banks were privatized in 1996 in order to improve banking problems, and this has helped dramatically. This private bank system is more like what is used in France and the US.
Taken from CIA Factbook and Globaledge
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