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

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cfa reserves cfa xtries

Sources: IMF,

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Nkemish June 16, 2017 - 9:37 pm

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 - 10:05 pm

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 - 10:06 pm

I hope that’s a good explanation

Nkemish June 16, 2017 - 11:06 pm

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

Jason June 16, 2017 - 10:01 pm

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.

Bernard Che Cho June 16, 2017 - 11:53 pm

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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