What is another word for equatorial guinea monetary unit?
Pronunciation: [ɪkwɐtˈɔːɹɪəl ɡˈɪni mˈʌnɪtəɹi jˈuːnɪt] (IPA) 
The official currency of Equatorial Guinea is the Central African CFA franc (XAF), which is also used by other countries in the Central African Economic and Monetary Community (CEMAC). Other synonyms for the Equatorial Guinea monetary unit include the CFA franc of Equatorial Guinea and obol, which is a slang term for the currency used by locals. The CFA franc is pegged to the euro, and the exchange rate is fixed at 655.957 XAF to 1 euro. Despite being rich in natural resources, Equatorial Guinea remains one of the poorest countries in the world, with a high poverty rate and limited access to basic services.
