Will the AES remain in the CFA Franc if the ECO is activated in 2027? Possible arrangements

Starting in the third quarter of 2027, the ECO will be launched, potentially leading to the disappearance of the CFA franc. Economist Modibo Mao Makalou explores possible scenarios for the AES, including the creation of a new currency. The BCEAO currently manages the CFA franc, while the ECO will be issued by the BCAO for ECOWAS countries. Recommendations have been made for a flexible exchange regime and a federal system of central banks.