How does the CFA franc work?

Related questions

1. What is the main religion in Cameroon?
2. What is the meaning of Xaf?
3. What is the religion of Gabon?
4. Does Mali have a president?
5. What is the climate in Mali?
6. How many countries use CFA?
7. Can Italian lira still be exchanged?
8. What is Chad known for?
9. What is the value of a French franc in US dollars?
10. What is Russia known for producing?

Tags

1. #devaluations
2. #possible
3. #their
4. #parity
5. #decided
6. #according
7. #pegged
8. #obligation
9. #sudden
10. #reserves
11. #franc
12. #countries
13. #french
14. #return
15. #france
16. #foreign
17. #treasury
18. #exchange
19. #deposit
20. #fixed