Comorian Franc
Franc comorien
Currency Code
KMF
ISO 174
Symbol
KMF
Native: CF
Decimal Digits
0
Rounding: 0
Countries
KM
Using this currency
Currency Units
Major Unit
Name: franc
Symbol: CF
Minor Unit
Name: centime
Symbol:
Value: 0
Banknotes
Frequently Used
500 CF1000 CF2000 CF5000 CF10000 CF
Coins
Frequently Used
25 CF50 CF100 CF250 CF
Rarely Used
1 CF2 CF5 CF10 CF
Plural Forms
English Plural
Comorian francs
Native Plural
Francs comoriens
Overview
The Comorian Franc is the currency of Comoros, pegged to the euro since 1999. It is managed by the Central Bank of Comoros and serves the small island nation's limited economy.
Economy
- Comoros is a member of AU, Arab League, OIC, IOC, SADC.
- Main industries include: Fishing, Tourism, Perfume distillation, Textiles, Furniture, Construction materials, Soft drinks.
- Comoros is part of the World Trade Organization.
- Imports are rice, consumer goods, petroleum products, cement, transport equipment.
- Major exports include vanilla, cloves, perfume oil, copra.
- GDP: $1.4 billion (2023 est.).
- GDP per capita: $1,560 (2023 est.).
- Unemployment rate: 8.4% (2020 est.).
- Inflation rate: 1.8% (2019 est.).
- Main trading partners: France, India, Germany, Pakistan, Turkey, Kenya.
- Trade agreements: EU Economic Partnership Agreement, Various bilateral agreements.
History
- Previous currencies used: CFA franc, French franc.
- The Comorian franc was introduced in 1981, replacing the CFA franc. It was initially pegged to the French franc and later to the euro.
- 1975: Independence from France
- 1981: KMF introduced, replacing CFA franc
- 1994: Devaluation alongside CFA franc
- 1999: Peg switched from French franc to euro
- 2008: Political stability improvement
- 2018: Political reforms and economic development
- Exchange rate peg: EUR (1999-present).
- Exchange rate peg: FRF (1981-1999).
- Currently pegged to EUR at 491.968 KMF = 1 EUR.
General Information
- ISO 4217 Code: KMF
- Symbols: KMF/Fr
- Currency Subunits: 100 centimes
- Central Bank: Central Bank of Comoros
- Monetary Policy: Currency board system maintaining EUR peg. Focus on price stability and supporting small island economy.
- Bills: 500 KMF, 1000 KMF, 2000 KMF, 5000 KMF, 10000 KMF
- Coins: 1 franc, 2 francs, 5 francs, 10 francs, 25 francs, 50 francs, 100 francs
- USD Exchange Rate: Variable (approximately 455 KMF per USD)
- Pegged To: EUR at 491.968 KMF = 1 EUR
- Capital: Moroni
- Population: 888,451 (2023 est.)
- Area: 2,235 km²
- Languages: Arabic (official), French (official), Shikomoro (official)
- Time Zones: UTC+3 (East Africa Time)
- Government Type: Federal presidential republic
- Head of Government: President (head of state and government)
- Independence: July 6, 1975 (from France)
- Ethnic Groups: Antalote, Cafre, Makoa, Oimatsaha, Sakalava
- Religions: Sunni Muslim 98%, Other 2%
- Literacy Rate: 58.8% (2018 est.)
- Transport: Prince Said Ibrahim International Airport, limited road network, inter-island transport
- Communications: Basic telecommunications, 8% internet penetration, mobile network coverage
- Energy: Fossil fuels 96%, Hydroelectric 4%
- Countries Using This Currency: Comoros
- Data Sources: Central Bank: Central Bank of Comoros, Economic Data: General Directorate of Statistics Comoros, World Bank, IMF, Trade Data: Ministry of Finance and Budget, Demographic Data: General Directorate of Statistics, Geographic Data: Comoros Meteorological Service, Historical Data: Central Bank archives
- Last Updated: 2025