Historical Sketch

In the 1840s, France began occupying the territory of Côte d'Ivoire (Ivory Coast) and gradually expanded its possessions until the colonial administration was established in 1893. The colony was transformed into an overseas territory in 1946, and in preparation for the French Union it got constituted as autonomous republic in 1958. Two years later, after the failure of the French Union, Côte d'Ivoire attained independence.

Monetary History Overview

In pre-colonial times, various commodities were used for payment in trade, such as metal ingots (manillas) and cowrie snails. Since independence in 1960, Côte d'Ivoire is a member of the West African Monetary Union and uses the West African CFA Franc instead of a national currency.

Côte d'Ivoire joined the International Monetary Fund (IMF) on 11.03.1963.

Currency Units Timeline

Currency Institutes Timeline

Monetary History Sources