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Change in commodity futures prices YTD May 8, 2020: Cocoa (-4.8%); Wheat (+3.7%); Maize (-17.5%); ICE Natural gas (-55%); Gold (+12.1%); Soyabeans (-23.1%); Cotton (-18.2%); Rough rice (+27.2%); Platinum (-18.5%); Arabica coffee (-15.1%); Brent crude oil (-53.3%); Copper (-14.6%); Sugar (-23.3%);     Whilst Africa's growth in 2020 could fall to its lowest since the 2008/9 global financial crisis, the asymmetric nature of shocks facing the region, coupled with increasing investment and cross-border trade, should help the region recover speedily.

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July 24, 2021

Chart of the Week: Foreign reserve position of CFA franc zone countries, West and Central Africa


cfa reserves cfa xtries

Sources: IMF, FrancTrade.com

6 Responses “Chart of the Week: Foreign reserve position of CFA franc zone countries, West and Central Africa”

  1. Nkemish
    June 16, 2017 at 21:37

    Question. How accesible are these reserves? I am curious as to how these would help foster development, particularly in the case of Cameroon.

    • Jason
      June 16, 2017 at 22:05

      Your reserve guarantees your trading with countries that are not using your currency. So nobreserves no trade bc the country from where you are buying is not using your currency

      • Jason
        June 16, 2017 at 22:06

        I hope that’s a good explanation

        • Nkemish
          June 16, 2017 at 23:06

          Simply put, yes I get it now. Thanks Jason.

  2. Jason
    June 16, 2017 at 22:01

    Prior to the 1995 devaluation cameroon was at zero while all other countries were near zero. From that I see that the health of the more populated countries is a better indicator of devaluation.then the case of guinea Bissau is sad.from what I see Central African reserves are in better health than west African franc countries reserves.

  3. Bernard Che Cho
    June 16, 2017 at 23:53

    This article provides assurance and certainty regarding the Foreign reserve position of CFA zone countries which is at best grey.•
    It throws good light to a topic that is widely misunderstood.

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