It is a continuation of a relationship of monetary cooperation between the two countries that has existed for more than a century. Until 1994, the Comorian franc was pegged to the French franc at the rate of 50 Comorian francs to 1 French franc.

The Comorian Franc has a rich history that dates back to the French colonial period. The currency was initially introduced as the French Franc. Comoros gained independence and transitioned to its own national currency, the Comorian Franc, to establish financial autonomy and sovereignty. This change was a significant step towards self-governance.

Jan 10, 2022 · The Comorian franc is the official currency of the African island nation of Comoros. The Comoros franc is pegged to the euro at an effective rate of about 492 KMF to 1 EUR.

The Comorian Franc (KMF) is the official currency of the island nation, the Union of Comoros, which is located in the Indian Ocean near Madagascar and Mozambique. Originally pegged to the French franc, the Comorian franc is currently pegged to the euro. Comorian currency is minted and printed in denominations ranging from 1 franc to 10,000 francs.

Jan 29, 2025 · The Comorian franc (KMF) is the official currency of Comoros, a small African island nation located in the Indian Ocean. With a currency code of KMF and symbol representing it on global financial platforms, the Comorian franc functions as the country’s standard medium for monetary transactions.

Mar 15, 2024 · The Comorian Franc (KMF) is the official currency of Comoros, an island nation in the Indian Ocean. Managed by the central bank, it is pegged to the euro, facilitating international trade while predominantly interacting with the U.S. dollar. Despite economic challenges, the Comorian Franc symbolizes the resilience and aspirations of Comoros amidst its colonial past …

4 days ago · Countries that use the Comorian franc The Comorian franc was established in 1979 as an official national currency and is used only in Comoros. It replaced the previously valid CFA franc. 1 Franc is devided into 100 Centimes. Since 1999, the Comorian franc is tied to the euro with a fixed exchange rate. Therefore, 1 franc always equals to 0.0020 euro.

The Comorian Franc (KMF) is the official currency of Comoros, an island nation located off the coast of East Africa. It has been in circulation since the country gained independence from France in 1975.

This was changed on 12 January 1994, when the currency was devalued in concert with the CFA franc devaluation. however, the Comorian franc was devalued 33+1⁄3 % to a new rate of 75 Comorian francs for 1 French franc, while the CFA franc's new rate was 100 CFA francs to …