France capped the CFA franc guarantee at €100 million per year in 2014. [fact]
- Furthermore, when the operations account agreements were amended in 2014, the French Treasury set an annual ceiling of 100 million euros for the guarantee of the CFA franc's exchange rate against the SDRs (the IMF's special drawing rights). This means that any potential exchange loss of the countries of the franc zone beyond this limit is carried over to the next financial year.
Fanny Pigeaud_ Ndongo Samba Sylla, Africa's Last Colonial Curr…, loc. 585