Central African monetary bloc urged to consider CFA franc devaluation

6 articles · Updated · Bloomberg · May 7

Citi chief Africa economist David Cowan said the euro-pegged currency should be weakened across CEMAC to support growth.
He argued devaluation could also slow the bloc's reserve decline and help tackle elevated debt levels facing member states.
The recommendation targets Central Africa's CFA franc system, where exchange-rate policy is tied to the euro and economic strains have intensified.

Could devaluing the CFA Franc trigger hyperinflation, erasing the life savings of millions across Central Africa?

Beyond the euro peg, could a new digital currency offer Africa true monetary sovereignty?

Is this devaluation a genuine fix or just another patch on a colonial-era monetary system?