79 Years of the Franc Zone: Retrospective and Future Perspectives

79 ans de la zone Franc et après

Euphrasie Djougba
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Euphrasie Djougba: CRDP - Centre de Recherches en Droit Public (UPN) - UPN - Université Paris Nanterre

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Abstract: The article traces the 79-year history of the Franc Zone, a monetary framework linking France to several African countries through the CFA franc. It examines the zone's colonial origins, the criticisms regarding monetary sovereignty, and recent reform efforts, particularly the 2019 agreement aimed at replacing the CFA franc with the Eco in the West African Economic and Monetary Union (WAEMU). Four scenarios for the future of this new currency are presented, ranging from a simple extension of the CFA franc to a non-single common currency for the ECOWAS region. Finally, the article emphasizes that the success of this transition will depend on strong political will and enhanced regional economic integration.

Date: 2024
New Economics Papers: this item is included in nep-his and nep-mon
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Published in 2024

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