How Do You Spell GABON FRANC?

Pronunciation: [ɡˈabɒn fɹˈank] (IPA)

The correct spelling of the currency used in Gabon is "Gabon franc." It is pronounced as /ɡəˈbɒn fræŋk/ in IPA phonetic transcription. The first part of the word is pronounced with a schwa sound at the beginning followed by a stress on the second syllable. The second part of the word starts with the voiced fricative /f/ sound, followed by the vowel /æ/ and the nasal consonant /ŋk/. It is important to spell words correctly to avoid confusion and misunderstanding, especially when dealing with currency and financial transactions.

GABON FRANC Meaning and Definition

1. Gabon Franc is the former official currency of the Republic of Gabon, a country located in Central Africa. It was in circulation from 1960 until 1999, when it was replaced by the Central African CFA franc. The currency's name, "Gabon Franc," was derived from the country's name.

   The Gabon Franc was subdivided into 100 centimes. It was issued by the Bank of Central African States (BEAC), which serves as the central bank for several countries within the Central African Economic and Monetary Community (CEMAC). The currency was primarily available in banknotes, with various denominations such as 500, 1,000, 5,000, and 10,000 francs.

   As a currency, the Gabon Franc played a crucial role in facilitating trade and commerce within Gabon during its existence. It was also used as a medium of exchange for various transactions, both domestically and internationally. However, due to economic and regional integration efforts, the decision was made to adopt a common currency for the CEMAC member countries.

   Today, the Gabon Franc is considered a historical currency and holds no monetary value. It is now collected as a numismatic item or used as a symbol of Gabon's economic history. The official currency used in Gabon and other CEMAC member countries is the Central African CFA franc, which was introduced at a fixed exchange rate to the French franc and is currently pegged to the euro.

Common Misspellings for GABON FRANC

• fabon franc
• vabon franc
• babon franc
• habon franc
• yabon franc
• tabon franc
• gzbon franc
• gsbon franc
• gwbon franc
• gqbon franc
• gavon franc
• ganon franc
• gahon franc
• gagon franc
• gabin franc
• gabkn franc
• gabln franc
• gabpn franc
• gab0n franc

Etymology of GABON FRANC

The etymology of the word "Gabon Franc" can be traced back to the historical context of the Gabonese Republic and the currency it used. The word "Gabon" refers to the country located in Central Africa, formerly known as French Equatorial Africa.

During the colonial era, Gabon, along with other French colonies in the region, used the French Franc as its official currency. This connection with the Franc continued even after Gabon gained independence from France in 1960.

Thus, "Gabon Franc" is a term coined to indicate the currency of Gabon, derived from the French Franc, which was the currency circulating in the region during the colonial period and later following independence. However, it is important to note that the Gabon Franc is no longer in use, as the Central African CFA Franc has become the official currency of Gabon since 1973.