Franc CFA: France No Longer Sits in BCEAO Bodies (Economist Makalou)

The CFA franc, used by 14 African countries, is at the center of debates in West Africa. Malian economist Modibo Mao Makalou analyzes its role as a colonial legacy and a tool for economic stability. He emphasizes that the CFA franc has evolved to mean 'franc of the African Financial Community' for the countries of the West African Monetary Union. France no longer sits in the bodies of the BCEAO, marking a turning point in the management of this currency.