West African Franc (XOF)
CFA Francs
The currency of Mali is called the West African CFA Franc.
Timbuktu, historically a significant trading hub in Mali, primarily used gold and salt as its forms of currency during the height of the Mali Empire. Additionally, trade involved the use of cowrie shells, which were widely accepted across West Africa. In modern times, the currency of Mali is the West African CFA franc (XOF).
The franc is primarily used and originates in France. However, there are several countries that use the franc as well including Niger, Mali, and Benin.
According to Currency Converter, $200 Canadian is worth 101,234.60 in Mali.
Benin uses the West African Franc. Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo use the same money.
West African CFA franc .CFA franc, the West African CFA franc, Malian franc, Guinean franc and Guinean syli
The country called Mali is in the north of Africa.
Ancient Mali did not have a standardized currency like we think of today; instead, it operated primarily on a barter system. However, the empire did use gold dust and gold nuggets as a form of trade and value, reflecting the wealth of the region. Additionally, other items like salt and cowrie shells were also used in transactions. The famous ruler Mansa Musa's pilgrimage to Mecca in the 14th century highlighted the wealth of Mali, particularly its gold, which played a crucial role in trade.
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