France/Africa: The end of the CFA Franc?



A group of progressive African artists and intellectuals are calling for greater debate on the future of monetary union in West Africa following the surprising announcement on December 21, 2019 by the presidents of France and Cote d’Ivoire, Emmanuel Macron and Alassane Ouattara, to reform the CFA franc and rebaptize it the eco. Bowing to growing anti-colonial sentiment, especially to its military presence in the region, the French government and its allies have been forced to concede some changes to the CFA while still angling to preserve the status quo.



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