The paper proceeds as follows. Section I reviews the exchange rate policies that developing countries have been implementing since the Bretton Woods accord. The includes a recall of the exchange rate concept followed by the main characteristics of developing country economic structures and the various exchange rate regimes that have been attempted over the years; Section II lays out the exchange rate options for the CFA franc after 1999. Section III makes some concluding remarks.
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Paper provided by African Economic Research Consortium in its series Papers with number
53.