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Chad, Economy

The economy of Chad is based largely on subsistence agriculture; some 83 percent of the labor force is engaged in farming, animal husbandry, forestry, and fishing. In 1992 national budget figures showed revenues of $120 million and expenditures of $363 million.

The currency is the CFA franc, consisting of 100 centimes (711.98 CFA francs equal U.S.$1; 2000 average). An exchange rate of 50 CFA francs equal to 1 French franc was in force until 1994, when the CFA franc was devalued by 50 percent. In 2000 imports were $290 million, and exports were $183 million.

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