The Comorian Franc (KMF) is the official currency of the Union of Comoros, a small archipelago situated off the eastern coast of Africa. Interestingly, the currency’s origins trace back to the French colonial period, during which the French Franc was used. After Comoros gained independence in 1975, the Comorian Franc was introduced but initially linked to the French Franc. In 1999, following the advent of the Euro, the KMF was pegged to the Euro, maintaining a historical connection to its colonial past.

Moreover, Comoros has the unique distinction of being one of the least populated and smallest countries in the world to issue its own currency. Despite its size, the currency plays an essential role in the local economy, supporting primarily agricultural sectors like vanilla, ylang-ylang, and cloves, highlighting the island nation’s vibrant cultural and economic tapestry.