Quiz Creator - What is the basic unit of currency for Senegal ?

Trivia Question 1: What is the basic unit of currency for Senegal ?

Click to reveal the Answer

Answer: Franc

Show me Another Question Sign Up To Make Your Own Quizzes

2024 update - Because we like you, here are some more free general knowledge trivia and quiz questions.

The basic unit of currency for Senegal is the West African CFA franc (XOF). It is the official currency of eight countries in West Africa, including Senegal. The CFA franc is administered by the Central Bank of West African States (BCEAO) and has a fixed exchange rate with the euro.

The West African CFA franc was introduced in 1945 and has undergone several changes since then. The currency is available in both coins and banknotes. Coins are available in denominations of 1, 5, 10, 25, 50, 100, and 200 francs, while banknotes are available in denominations of 500, 1,000, 2,000, 5,000, and 10,000 francs.

Senegal, being part of the West African Economic and Monetary Union (WAEMU), uses the West African CFA franc as its legal tender. The currency is widely accepted throughout the country for various transactions, including buying goods and services, paying bills, and conducting business.

The West African CFA franc is pegged to the euro at a fixed exchange rate. This means that the value of the currency is determined by the exchange rate between the euro and the CFA franc. The exchange rate is currently set at 1 euro to 655.957 CFA francs.

When visiting Senegal, it is advisable to exchange your currency for CFA francs at authorized exchange offices or banks to ensure you have the local currency for your transactions. Many hotels, restaurants, and shops in major cities also accept major credit cards, but it is always helpful to carry some cash for smaller establishments or when traveling to more remote areas.

Overall, the West African CFA franc serves as the basic unit of currency in Senegal, facilitating economic activities and providing a means of exchange for both locals and tourists. Its fixed exchange rate with the euro ensures stability and consistency in monetary transactions within the country.

Trivia Question 2: Colin Hendry left Blackburn in 1998 to join which Scottish Club?

Click to reveal the Answer

Rangers

Learn more about this question
Trivia Question 3:In the famous song my true love sent me nine what?

Click to reveal the Answer

Drummers drumming

Learn more about this question
Trivia Question 4:What are the only three nations with Jewish populations over one million?

Click to reveal the Answer

Israel, russia, u.s. israel, russia & us

Learn more about this question
Trivia Question 5:What athlete released the photo book rare air in 1993?

Click to reveal the Answer

Michael jordan

Learn more about this question
Which spies name translates as Eye of the Dawn?

Click to reveal the Answer

Mata Hari

Learn more about this question
Trivia Question 6:Who in Greek mythology fell in love with his own reflection??

Click to reveal the Answer

Narcissus

Learn more about this question

Need more questions? With QuizCreator, you can:

Create Complete Quizzes

Create quizzes complete with rounds, that you can save and re-use whenever you want.

Access Over 52k Free Questions.

Add your own questions (or images for image rounds), but if you're stuck, we have over 52k questions that you can use in your quiz.

Auto-create Answer Sheets

When your quiz is ready, just press a button and download questions and answer sheets for you and your contestants.

Sign Up