WAEMU exporters must surrender 80 percent of export earnings to the central bank

Evidence

In the WAEMU zone, for example, exporters must repatriate and transfer at least 80 per cent of their foreign currency to the BCEAO in exchange for CFA francs within one month of receiving their export earnings. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 105