Definition

Noun: - The basic unit of money in Mali: The "Mali franc" is the official and fundamental monetary unit of the Republic of Mali. It serves as the standard measure of value and medium of exchange within the country's economy.

Usage

The term "Mali franc" is used specifically to refer to the currency of Mali. It functions as a countable noun (e.g., one Mali franc, ten Mali francs) when discussing specific amounts. - The price for the local fabric was five hundred Mali francs. - Tourists are advised to exchange their currency for Mali francs upon arrival.

Advanced Usage

• Historical Context: While the "Mali franc" was historically the national currency, Mali is now part of the West African Economic and Monetary Union (WAEMU) and uses the CFA franc (XOF) as its official currency. The term "Mali franc" is thus primarily used in historical or specific contextual references to the former national currency.
  • In the 1960s, prices were listed in Mali francs.

Variants and Related Words

• Franc: A broader term for monetary units used in several French-speaking countries and regions historically.
• CFA Franc (XOF): The current shared currency of the West African Economic and Monetary Union, which includes Mali. It is the direct successor and replacement for the Mali franc.
• Currency Unit: A general term for the standard monetary denomination of a country.

Synonyms

• Monetary unit of Mali: A descriptive synonym.
• Malian currency: A more general term that could refer to the Mali franc or its successor.

Notes

• The "Mali franc" (MLF) is distinct from the CFA franc (XOF), though they are related in the monetary history of the region. The CFA franc is now the legal tender.
• When discussing modern financial transactions in Mali, the correct term is the CFA franc.

Noun

1. the basic unit of money in Mali