1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 90.8799 XAF (CFA Franc BEAC). It is the currency for six independent states in central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. The XAF (CFA Franc BEAC) is pegged to the Euro at 1 Euro = 655.957 XAF. The BEAC stands for Banque des Etats de l Afrique Centrale. The CFA Franc BEAC (XAF) was introduced in 1945, replacing the French Equatorial African Franc.