The CFA franc is used by approximately 14.2 percent of Africa’s population but accounts for little more than 5 percent of Africa’s total economic output. This disparity between population and output should give an idea of the degree to which the CFA franc zone is a consistent economic underperformer. Currency stability is a huge attraction, but this is counteracted by anemic growth and political insecurity. In one or two countries, the bet may pay off.
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed