Time for change? The CFA franc is under fire over its link to France -- an association that critics say is a reminder of the colonial era that ended 60 years ago Leaders from six central African countries on Friday called for "in-depth thinking" on the CFA franc, whose future has come into question in West Africa. The extraordinary one-day meeting in Yaounde brought together leaders from Cameroon, Chad, the Central African Republic, Equatorial Guinea, Gabon and the Republic of Congo. As members of the Economic and Monetary Community of Central Africa (CEMAC), the nations jointly use the CFA franc, a currency rooted in the French colonial era in western and central Africa. The summit examined "monetary cooperation with France (and) decided to launch in-depth thinking on the conditions and framework of a new cooperation," an end-of-summit communique said. "In this context, they tasked the Bank of Central African States (BEAC) to propos...
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