Abstract
The devaluation of the Communauté financière africaine (CFA) franc occurred on 12 January 1994. Benin, Burkina Faso, Cameroon, Chad, Central African Republic, Comoros, Congo, Côte d'Ivoire, Equatorial Guinea, Gabon, Mali, Mauritania, Niger, and Senegal were immediately affected as the value of their currency decreased by 50 per cent. One French franc now became worth 100 instead of 50 CFA – in reality a 100 per cent increase in the cost of goods purchased on the international market with the CFA franc.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
