CFA

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Related to CFA franc: XOF

CFA

(Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. government as well as most financial institutions. It says that unauthorized penetration or other damage to such systems is a felony, as is trafficking in password or other access codes.

Violators are subject to fines of up to USD $250,000 per incident and up to 10 years in prison. Updates to the CFA passed in 1994 extended coverage to dissemination of viruses and worms. For more information, visit www.law.cornell.edu, and look up "Title 18, 1030." See also CompactFlash Association.
References in periodicals archive ?
In 2000, the second group decided to establish a monetary union called the West African Monetary Zone (WAMZ) with a single currency, and gradually merge this with the CFA franc to create a much larger customs union with a single currency.
France argues that the CFA franc has brought welcome monetary stability to the countries that use it, but French President Emmanuel Macron said in 2017 that it was up to African governments to decide what to do with the currency.
What are your thoughts on the CFA franc, especially in terms of domestic resource mobilisation, when OeOa% of central bank reserves sit with the Banque de France?
What are your thoughts on the CFA franc, especially in terms of domestic resource mobilisation, when 50% of central bank reserves sit with the Banque de France?
A half-litre sachet of cold water sells for 25 CFA francs (approximately US$0.05 in 2015) and is hence relatively affordable, but it still costs more than the same amount taken directly from public standpipes, which is the cheapest way for Niamey residents without a direct connection to the piped network to obtain treated water (see cost comparison in Table 1).
Despite these pressures, a sudden and significant drop in the value of the two currencies--the Central Africa CFA franc (XAF) and the West African CFA franc (XOF)--is not currently expected, says the report Who's Most At Risk From A
For example, Ivory Coast, Senegal and Togo listed Sukuk Islamic bonds worth 766 billion CFA francs ($1.28 billion) on the West Africa bourse in October 2016.
This competitive aspect of currency values is perfectly illustrated by the undervaluation of the Chinese Renminbi ("RMB"), the overvaluation of the African CFA Franc in the 1990's, and the use of their respective monetary sovereignty in that matter.
He has worked on more than 80 developed, emerging markets and low-income countries in all geographical areas, and has published several research papers on issues related to adjustment in growth in sub-Saharan Africa, and the CFA Franc and the Euro.
The West African Economic and Monetary Union (WAEMU), the common market for the eight countries using the CFA franc currency, will organize a commemorative ceremony marking its 20 years of existence.
In this context, the decision to retain the CFA franc, a freely convertible common currency that is pegged to the euro at a significantly overvalued exchange rate, is a dubious one.
But France's woes are also being felt far beyond its borders, sparking rumors of a possible devaluation of the CFA franc, the common currency of the franc zone, which comprises 14 African countries and the Comoros Islands in the Indian Ocean.