CFA Franc polemic

Franc CFA

Francophone Africa: The Polemic Over the CFA Franc

There has long been much polemic surrounding the CFA franc. Is it a symbol of  France’s “exploitation and pillaging” in Africa, which has been denounced by demonstrators and many experts who analyse issues affecting this continent. Or, on the contrary, is the CFA franc a guarantee of economic stability and development, as its European and African defenders claim?