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The Cfa Franc Needs a Voluntary Exit Mechanism
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By Aboubakr Kaira Barry, Managing Director, Results Associates, Bethesda, Maryland, USA The exchange rate regime is usually an arid technical choice. In West Africa, however, it has now become an existential fracture line. The convertibility of the CFA franc in euro (1 € = 655,957 CFA francs) still holds, but its foundations are increasingly being put to the test. The real question is no longer whether the current configuration can last, but whe…
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