The last act of this strange saga took place in January 1994 in Dakar. Officially, the representatives of the countries of the franc zone, including ten heads of state, were gathered to decide the fate of the Air Afrique airline, which was going through a serious crisis. In fact, the African delegations discussed for hours the question of the devaluation, which they still hoped to avoid, with the leaders of the French Treasury, including the director Christian Noyer, the French cooperation minister Michel Roussin, the IMF's director Michel Camdessus and a World Bank official, Katherine Marshall. After 17 hours of discussion behind closed doors, the African leaders threw in the towel and on the evening of 11 January, at 8.50 PM, the Cameroonian finance minister, Antoine Ntsimi, under the supervision of Michel Roussin and Michel Camdessus, announced to the media that at 12 AM on 12 January a CFA franc would have been exchanged for 0.01 French francs instead of the previous 0.02.

Fanny Pigeaud_ Ndongo Samba Sylla, Africa's Last Colonial Curr…, loc. 211