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79 Years of the Franc Zone: Retrospective and Future Perspectives
[79 ans de la zone Franc et après ..]

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  • Euphrasie Djougba

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

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.

Suggested Citation

  • Euphrasie Djougba, 2024. "79 Years of the Franc Zone: Retrospective and Future Perspectives [79 ans de la zone Franc et après ..]," Post-Print hal-05144331, HAL.
    • Handle: RePEc:hal:journl:hal-05144331
    Note: View the original document on HAL open archive server: https://hal.science/hal-05144331v1
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