The 2019 Macron reform makes three changes to the WAEMU CFA system
Evidence
Three changes are expected: the BCEAO will no longer be obliged to deposit 50 per cent of its foreign exchange reserves with the French Treasury, which will de facto lead to the closure of its operations account; there should no longer be any representatives of the French state on BCEAO bodies; and finally, the WAEMU CFA franc should be renamed the ‘eco’. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 373
Categorization
- DEFINE: Concise enumeration of the three elements of the Macron/Quattara reform announced December 2019.
- XREF: connects to: Macron’s 2019 CFA reform was limited and prepared in secrecy; The 2019 reform preserved French monetary control behind cosmetic changes
Related
- Macron’s 2019 CFA reform was limited and prepared in secrecy (similarity 0.94)
- The 2019 reform preserved French monetary control behind cosmetic changes (similarity 0.89)
- Macron and Ouattara hijacked the ECOWAS ‘eco’ currency name (similarity 0.81)
- The proposed eco currency is the CFA franc under another name. (similarity 0.79)
- France rebranded the CFA franc to undermine ECOWAS monetary integration (similarity 0.79)