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Economy, Currency and Foreign Trade

centimes, principal partners, crude petroleum, West African States, Major exports

The currency is the CFA franc, consisting of 100 centimes (712 CFA francs equal U.S.$1; 2000 average). Central banking functions are exercised by the Central Bank of the West African States. Senegal has a chronic trade deficit. In 2000 exports earned $927 million and imports cost $1.6 billion. Major exports include basic manufactures, fish products, peanuts, petroleum products, and phosphates. Main imports are crude petroleum, basic manufactured goods, and grain. Chief trading partners for exports are France, Italy, Mali, Spain, India, and Cote d’Ivoire; principal partners for imports are France, Cameroon, Nigeria, Italy, Thailand, Algeria, China, and Japan.



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centimes, principal partners, crude petroleum, West African States, Major exports, peanuts, Mali, Nigeria, Cameroon, petroleum products, Thailand, Algeria, fish products, Spain, Italy, France, China, India

 
 

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