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Debate on ditching CFA begins as Burkina Faso, Mali, Niger forge new path

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Debate on ditching CFA begins as Burkina Faso, Mali, Niger forge new path

A merchant holds CFA currency at his shop [Luc Gnago/Reuters] A measure of stability? France created the CFA in 1945 as a currency for its African colonies. Indeed, the acronym CFA initially stood for “Colonies Francaises d'Afrique” (French Colonies of Africa). This system provided France with significant economic and political influence over its African territories because it maintained control over the currency's convertibility and monetary policy.

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Debate on ditching CFA begins as Burkina Faso, Mali, Niger forge new path

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Debate on ditching CFA begins as Burkina Faso, Mali, Niger forge new path

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