Exchange Calculator from British Pound to CFA franc

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To block, delete or manage cookies, please visit aboutcookies. Restricting cookies will prevent you benefiting from some of the functionality of our website. Economy Benin is underdeveloped and dependent on subsistence agriculture and cotton.

The country also produces textiles, palm products, and cocoa beans. Maize corn , beans, rice, peanuts, cashews, pineapples, cassava, yams and other tubers are grown for local subsistence. More than 80 percent of the population relies on subsistence agriculture, with only a small fraction directly involved in industry and services. Highly variable rainfall, poor soils, lack of adequate communication and other infrastructure, a low literacy rate, and a stagnant economy are longstanding problems for this landlocked country.

The export economy remains subject to fluctuations in world prices. It is among the world's largest producers and exporters of coffee, cocoa beans, and palm oil. Guinea-Bissau exports fish and seafood, along with small crops of peanuts, palm kernels, and timber. License fees for fishing provide the government with some revenue.

Rice is the major crop and staple food.