West African nations, led by Senegal, consider replacing the CFA franc to increase sovereignty.
West African nations, including Senegal, are considering replacing the CFA franc, a colonial currency rooted in France's post-WWII resource acquisition strategy. Four West African governments are eager to leave the CFA franc zone, with Senegal's newly elected president vowing to increase sovereignty in food, energy, and finance. However, potential French sabotage and the need for domestic mobilization remain challenges in transitioning to new currencies.
April 07, 2024
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