CFA franc

We are receiving calls from market participants worried about financial market developments in the CFA franc zone and the impact on their trade activities. The overriding interest hovers around two interrelated possibilities (i) whether the CFA franc can be devalued and the principal drivers in favour of this option (ii) how imminent a devaluation of

Reigniting an old debate Dr Carlos Lopes, former Executive Secretary of the Economic Commission for Africa, last week reignited the perennial debate on the suitability of the CFA franc for franc zone economies, calling it antiquated. “No country in the world can have a monetary policy that remains unchanged for thirty years” he said, adding