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XOF – West African CFA Franc

Overview

Concerned countries: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo.

XOF is considered to be a restricted currency, which implies an inherent limitation to the tradability of this currency. Fund transfers in this currency are not allowed outside of the West African States.

Currency Guidelines

Besides the standard information, it is important to note that the IBAN format is always recommended.

The beneficiary’s physical full address is recommended.

A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.

Example: Payment of travel expenses – invoice n° 123456789

It is recommended as well to provide the beneficiary’s telephone number in the remittance information.

This currency does not have any decimal places.

Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here

TECHNICAL GUIDELINES
Additional information

• Available charge options: OUR/SHA/BEN

• Central bank of West African States: http://www.bceao.int/