Togolese franc
Encyclopedia
The franc was the currency of Togo
. Currently, Togo uses the West African CFA franc
but, between 1924 and 1956, coins specifically for use in Togo were issued.
was the currency of Togo as Germany was the colonial power. In 1914, Togo was occupied by British and French forces. Togo was split into two League of Nations
mandate territories, with the western, British portion adopting the British West African pound and eventually becoming part of Ghana
. In the eastern, French territory, the French franc
was adopted, supplemented in 1924 by coins issued in the name of the Mandate Territory of Togo. These coins were issued intermittently until 1956 and circulated alongside the CFA franc
from 1945. No circulating coins specific to Togo have been issued since 1956, although the 1957 coins of French West Africa
also bore the name Togo.
Togo
Togo, officially the Togolese Republic , is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, on which the capital Lomé is located. Togo covers an area of approximately with a population of approximately...
. Currently, Togo uses the West African CFA franc
West African CFA franc
The West African CFA franc is the currency of eight independent states in West Africa: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Sénégal and Togo. The acronym CFA stands for Communauté financière d'Afrique...
but, between 1924 and 1956, coins specifically for use in Togo were issued.
History
Between 1884 and 1914, the German markGerman gold mark
The Goldmark was the currency used in the German Empire from 1873 to 1914.-History:Before unification, the different German states issued a variety of different currencies, though most were linked to the Vereinsthaler, a silver coin containing 16⅔ grams of pure silver...
was the currency of Togo as Germany was the colonial power. In 1914, Togo was occupied by British and French forces. Togo was split into two League of Nations
League of Nations
The League of Nations was an intergovernmental organization founded as a result of the Paris Peace Conference that ended the First World War. It was the first permanent international organization whose principal mission was to maintain world peace...
mandate territories, with the western, British portion adopting the British West African pound and eventually becoming part of Ghana
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...
. In the eastern, French territory, the French franc
French franc
The franc was a currency of France. Along with the Spanish peseta, it was also a de facto currency used in Andorra . Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money...
was adopted, supplemented in 1924 by coins issued in the name of the Mandate Territory of Togo. These coins were issued intermittently until 1956 and circulated alongside the CFA franc
CFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
from 1945. No circulating coins specific to Togo have been issued since 1956, although the 1957 coins of French West Africa
French West Africa
French West Africa was a federation of eight French colonial territories in Africa: Mauritania, Senegal, French Sudan , French Guinea , Côte d'Ivoire , Upper Volta , Dahomey and Niger...
also bore the name Togo.