There are two African currency unions associated with multinational central banks; the West African Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) and the Central African Banque des États de l'Afrique Centrale (BEAC). Members of both currency unions use the CFA Franc as their legal tender.

Below is a list of the central banks and currencies of Africa.

Country	Currency	Central bank	Peg
Benin	West African CFA franc	Central Bank of West African States	1 EUR = CFA 655.957
Burkina Faso
Guinea-Bissau
Ivory Coast
Mali
Niger
Senegal
Togo
Cameroon	Central African CFA franc	Bank of Central African States	1 EUR= CFA 655.957
Central African Republic
Chad
Equatorial Guinea
Gabon
Republic of the Congo
Algeria	Algerian dinar	Bank of Algeria
Angola	Angolan kwanza	Banco Nacional de Angola
Botswana	Botswana pula	Bank of Botswana
Burundi	Burundian franc	Bank of the Republic of Burundi
Cape Verde	Cape Verdean escudo	Bank of Cape Verde	1 EUR = CVE$110.265
Comoros	Comorian franc	Central Bank of the Comoros	1 EUR = 491.96775 francs
Democratic Republic of the Congo	Congolese franc	Central Bank of the Congo
Djibouti	Djiboutian franc	Central Bank of Djibouti	US$1 = 177.721 francs
Egypt	Egyptian pound	Central Bank of Egypt
Eritrea	Eritrean nakfa	Bank of Eritrea	US$1 = 15 nakfa
Ethiopia	Ethiopian birr	National Bank of Ethiopia
Gambia	Gambian dalasi	Central Bank of The Gambia
Ghana	Ghanaian cedi	Bank of Ghana
Guinea	Guinean franc	Central Bank of the Republic of Guinea
Kenya	Kenyan shilling	Central Bank of Kenya
Lesotho	Lesotho loti	Central Bank of Lesotho	ZAR at par
Liberia	Liberian dollar	Central Bank of Liberia
Libya	Libyan dinar	Central Bank of Libya
Madagascar	Malagasy ariary	Central Bank of Madagascar
Malawi	Malawian kwacha	Reserve Bank of Malawi
Mauritania	Mauritanian ouguiya	Central Bank of Mauritania
Mauritius	Mauritian rupee	Bank of Mauritius
Morocco	Moroccan dirham	Bank Al-Maghrib
Mozambique	Mozambican metical	Bank of Mozambique
Namibia	Namibian dollar	Bank of Namibia	ZAR at par
Nigeria	Nigerian naira	Central Bank of Nigeria
Rwanda	Rwandan franc	National Bank of Rwanda
São Tomé and Príncipe	São Tomé and Príncipe dobra	National Bank of São Tomé and Príncipe	1 EUR = 24.5 STN
Seychelles	Seychellois rupee	Central Bank of Seychelles
Sierra Leone	Sierra Leonean leone	Bank of Sierra Leone
Somalia	Somali shilling	Central Bank of Somalia
Somaliland	Somaliland shilling	Bank of Somaliland
South Africa	South African rand	South African Reserve Bank
South Sudan	South Sudanese pound	Bank of South Sudan
Sudan	Sudanese pound	Bank of Sudan
Eswatini	Swazi lilangeni	Central Bank of Swaziland	ZAR at par
Tanzania	Tanzanian shilling	Bank of Tanzania
Tunisia	Tunisian dinar	Central Bank of Tunisia
Uganda	Ugandan shilling	Bank of Uganda
Zambia	Zambian kwacha	Bank of Zambia
Zimbabwe	Various (including South African rand, Botswana pula, pound sterling, Indian rupee, euro, Japanese yen, Australian dollar, United States dollar and the Chinese yuan)	Reserve Bank of Zimbabwe