Aftermath of the CFA Franc Devaluation
Subtitle: Occasional Paper No. 138
Contributors: Jean A. P. Clement (Editor)
Publisher: International Monetary Fund
Published: June 1996
Language: eng
Format: Paperback
Number of pages: 88
ISBN-13: 9781557755612
Subjects: International finance; Monetary economics; French franc area; Business & Economics; Foreign Exchange; Monetary Devaluation; Monetary policy; Business / Economics / Finance; Business/Economics; Devaluation of currency; Money & Monetary Policy; Africa, French-speaking Equato; Africa, French-speaking Equatorial; Africa, French-speaking West
First sentence: The realignment of the CFA franc parity in terms of the French Franc in January 1994 represented a key modification of the adjustment strategy followed until then to address the rapidly deteriorating economic situation of the 14 member countries of the CFA franc zone.