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The Political Vulnerability of the Cfa Franc — and the Advocacy for an Ordained Exit
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By Aboubakr Kaira Barry, Director General, Results Associates, Bethesda, Maryland, United States The convertibility of the CFA franc to euro is based on four pillars: the adequacy of the BCEAO's reserves, the effectiveness of foreign exchange controls, the political consensus on both sides of the Atlantic, and the ability of the UEMOA to form an optimal monetary zone.
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