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Have West, Central Africa Outgrown the CFA Franc?

Debate over the CFA franc is once again stirring in West and Central Africa with some experts calling for a reform of the colonial currency. Some say the region has outgrown the CFA franc, arguing it should be unpegged from the euro or just abandoned altogether. Ivorian economist Seraphin Prao Yao wrote a book on the topic in 2012. He says the exchange rate of a country must take into account the weight of its commercial partners. And today, the eurozone is not our only partner...

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