The currency of Gabon is the Central African CFA franc, abbreviated as XAF. This currency is used by several Central African countries and is managed by the Bank of Central African States. The CFA franc is pegged to the euro, which helps maintain stability in the region's economies. With denominations in both coins and banknotes, the currency facilitates trade and everyday transactions within Gabon. Despite the economic challenges the country faces, the CFA franc plays an essential role in the monetary system, providing a consistent medium of exchange in Gabon and neighboring nations.