The currency of Ivory Coast is the West African CFA franc (XOF). This currency is used by multiple countries in the West African Economic and Monetary Union (WAEMU), which is a group of eight West African nations. The CFA franc is subdivided into 100 centimes and is guaranteed by the French Treasury, which helps stabilize its value. The currency plays a vital role in facilitating trade and economic stability within the region, and it is influenced by the economic conditions of the member states as well as broader international trends.