Comoros The Comorian Franc (KMF) is the official currency of Comoros, an island nation located off the coast of East Africa. It has been in circulation since the country gained independence from France in 1975. The KMF is pegged to the Euro (EUR) at a fixed exchange rate, ensuring some level of monetary stability. The currency is issued and regulated by the Central Bank of Comoros. The Comorian economy is heavily reliant on agriculture, fishing, and remittances from abroad, and the fixed peg to the Euro helps mitigate exchange rate volatility. However, economic challenges such as high unemployment and limited industrialization remain.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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