Archive for December, 1993

FCFA

Why the CFA franc must go

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Sanou MBaye suggests that the price of maintaining links with France is too high

FOURTEEN OF THE former West African French colonies use the CFA franc, whose exchange rate is pegged to the French franc, as a common currency. The CFA franc was created, in its initial form, in the 19th century to help France shape and control the economies of her colonies. The scheme was quite useful to France, More >

zone CFA

Sanou MBaye suggests that the price of maintaining links with France is too high

0

FOURTEEN OF THE former West African French colonies use the CFA franc, whose exchange rate is pegged to the French franc, as a common currency. The CFA franc was created, in its initial form, in the 19th century to help France shape and control the economies of her colonies. The scheme was quite useful to France, which it helped to resist the tremors of the economic crises of the 1930s; it was More >

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