Jamal Awil

← Africa's Last Colonial Currency

African media renewed CFA franc debate after 2015. [fact]

Following the debates triggered by the 1994 devaluation, the CFA franc once again became a non-theme, especially for the French media. The situation has changed since 2015–16, probably due to a combination of various factors: the rumours of a devaluation of the CEMAC area in 2015 and 2016; the critical statements made by the Chadian president Idriss Déby in August 2015, who called for ‘cutting the umbilical cord that prevents Africa from taking off’; the growing awareness of the younger generations; the position taken by several African intellectuals. In particular, the publication, in September 2016 in France, on the eve of a meeting of finance ministers of the franc zone, of a collective book by African and French economists, Sortir l’Afrique de la servitude monétaire. A qui profite le franc CFA? (Getting Africa Out of Monetary Servitude. Who Benefits from the CFA franc?), has given new visibility to the Franco-African currency in the French media landscape.

Fanny Pigeaud_ Ndongo Samba Sylla, Africa's Last Colonial Curr…, loc. 321