Pronunciation: [tˈə͡ʊɡə͡ʊ fɹˈank] (IPA) 
The currency of Togo, the Togo franc, is spelled using the International Phonetic Alphabet as /təˈɡoʊ fræŋk/. The word Togo is pronounced with a schwa sound followed by a hard ‘g’ sound, while franc is pronounced with a short ‘a’ (as in ‘cat’) and a nasal ‘n’ sound. The Togo franc, abbreviated as XOF, was introduced in 1958 and is part of the West African CFA franc, shared with seven other countries in the region.
The Togo Franc refers to the official currency of Togo, a West African country. It is abbreviated as XOF, which stands for West African CFA Franc, and is regulated by the Central Bank of West African States (BCEAO). The Togo Franc is part of the broader West African CFA Franc zone, which includes several other countries in the region.
The Togo Franc operates on a fixed exchange rate system, pegged to the Euro. This means that its value is determined by a fixed rate against the Euro, thereby providing stability in its exchange rate. One Euro is equivalent to 655.957 Togo Francs, and this exchange rate has been maintained since 1999.
The Togo Franc is subdivided into smaller units called centimes, with 100 centimes equal to 1 Togo Franc. However, due to the low value of centimes, they are no longer in circulation, and transactions are made in whole Francs.
The Togo Franc is widely used for daily transactions within Togo and is accepted as legal tender throughout the country. It can be used to purchase goods and services, pay bills, and conduct financial transactions. It is also the currency used by the Togolese government for official purposes.
The Togo Franc, like other currencies in the West African CFA Franc zone, is printed in different denominations, including banknotes and coins, to facilitate various transactional needs. The banknotes showcase notable landmarks, figures, and symbols that represent the cultural and historical heritage of Togo.
The word "Togo Franc" refers to the currency of Togo, a country in West Africa. The etymology of the term can be understood by analyzing its components:
1. Togo: The name "Togo" comes from the village of Togodo, which means "shore" in the Ewe language. The country was named after this village when it became a German protectorate in 1884.
2. Franc: The term "Franc" originated from the currency known as "franc", which was first introduced by King John II of France in the 14th century. The word "franc" itself is derived from the Latin word "Francorum", which means "the Franks". The Franks were a Germanic tribe that played a significant role in the formation of modern France.
