Citi Economist Urges CFA Franc Devaluation to Spur Growth in Central Africa

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A Citigroup economist proposes that the CFA franc, which is currently pegged to the euro, should undergo devaluation in order to stimulate economic growth in the Central African monetary region. This recommendation comes in response to ongoing economic challenges and decreasing reserves.

Citigroup Inc. says central Africa’s monetary bloc should consider devaluing its currency, which is pegged to the euro, in order to boost economic growth and stem a slide in reserves.

Politics Markets CFA franc devaluation Central Africa economy Citigroup

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