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Nonsense: many countries have left the CFA Franc (like Guinea, Madagascar and Mauritania), and others have joined (like Equatorial Guinea or Guinea-Bissau). Som
by Xixi 7y ago
Nonsense: many countries have left the CFA Franc (like Guinea, Madagascar and Mauritania), and others have joined (like Equatorial Guinea or Guinea-Bissau). Some have left and joined again (like Mali). I wonder if you have actual example of France actively working against countries trying to leave? Or even a pointer to countries trying to leave?
I'm not competent to judge whether the CFA Franc is a good currency or not for the countries using it. No doubt it is a compromise with good sides and bad sides. The obvious good side being that it certainly makes trade easier within the CFA Franc zone. The obvious bad side is that the Euro top priority being fighting inflation, it can hinder exportations from countries that are not very competitive. A complaint often heard about the Euro from European countries (especially France, sweet irony).
Hopefully African nations will manage to create their very own currency, and will manage it well.