La devaluation du franc cfa pdf

The first franc zone was set up in 1939 as a monetary region with a the french franc as its main currency. Le franc cfa et leuro contre lafrique nicolas agbohou. Complementary nutrition for the young child following the devaluation of the cfa franc african financial community. Devaluation imminente du franc cfa african heritage. Following a summary of the new adjusment strategy, the papers describes the progress made and the difficulties encountered during 1994 and early 1995 in implementing the programs supported by use of imf resources. Aug 10, 2018 since 1948, the two cfa francs were pegged at the rate of 50 cfa francs per french franc. At present, the arrangement of france to the two unions are a fixed peg to the euro, a convertibility guarantee by the french treasury and lastly, a set of legal, institutional and. Devaluation du franc francais ff, 17 octobre 1948, 1 fcfa 2,00 ff. The cfa franc was created on 26 december 1945, along with the cfp franc.

Intervenu le 12 janvier 1994, cette devaluation apparait comme l. Our results show that the nominal devaluation generate a real exchange depreciation. Depuis le passage du franc francais a leuro en 1999, 1 euro vaut 655,957 fcfa. Proceedings of the eighth international conference of the international institute of fisheries economics and trade, july 14, 1996, marrakech, morocco. Effects of the cfa franc devaluation on urban food. After independence, morocco, tunisia, algeria, and guinea left. Il signifie alors franc des colonies francaises dafrique. When france ratified the bretton woods agreement in december 1945, the french franc was devalued in order to set a fixed exchange rate with the us dollar. The reason for their creation was the weakness of the french franc immediately after world war ii. Du franc cfa a leuro joseph tchundjang pouemi, monnaie. An evaluation by the real exchange rate equilibrium.

Le franc cfa menace par une autre devaluation youtube. Devaluation of the french franc ff october 17, 1948. Instauration du nouveau franc francais, 1er janvier 1960, 1 fcfa 0,02 ff. The cfa franc zone has been seen as a potential model for promoting macroeconomic stability in african countries where purely domestic agencies of restraint are often absent and where purely external agencies of restraint, like donor conditionality, have shown their limitations. Relevance of the cfa france devaluation in january 1994. Lors dun colloque sur ce sujet debut 20041, leconomiste. Real exchange rate misalignment in the cfa franc zone. In this paper, our aim is to assess the real exchange rate misalignment in the cfa franc zone since the cfa franc devaluation of january 1994. For example, the 1994 devaluation was decided unilaterally by france, as confirmed by the statement of mr edouard balladur, french prime minister at the time, the cfa franc was devalued in 1994 at the instigation of france, because we felt it was the best way to help these countries in their development. Our results show that the nominal devaluation generate a real exchange depreciation, thanks to strict antiinflation measures implemented. In 1945, the franc des colonies francaises dafrique cfa franc and the franc des colonies francaises du pacifique cfp franc were created.