The CFA Franc

With 72 years of existence, the CFA franc has been able to stay the course through the tumultuous and propitious situations of the international scene since its creation until today. Today, voices are being raised in Africa and Europe against the use of this currency within the franc zone, but it is still important to consider the French position on a possible discussion that could lead to a break-up or an improvement of the framework that governs this currency. How can we envisage an exit from or a rejection of the CFA franc when we know that its existence perpetuates the French position as a world power? If these questions make sense, it is simply because France is in a logic of expressing the exercise of its power and this is achieved through its control over its pre-squared territory in Africa and the CFA Franc is an instrument that expresses this state of affairs. Will the current protests in Africa find a favorable echo with this type of architecture on the international scene? We think not.