La devaluation du franc cfa pdf

Our results show that the nominal devaluation generate a real exchange depreciation, thanks to strict antiinflation measures implemented. Our results show that the nominal devaluation generate a real exchange depreciation. 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. After independence, morocco, tunisia, algeria, and guinea left. Aug 10, 2018 since 1948, the two cfa francs were pegged at the rate of 50 cfa francs per french franc.

Effects of the cfa franc devaluation on urban food. Il faut cependant rappeler lorigine du franc cfa, son linfluence sur leconomie africaine mais aussi proposer des alternances au franc cfa. Devaluation imminente du franc cfa african heritage. Le franc cfa menace par une autre devaluation youtube. Intervenu le 12 janvier 1994, cette devaluation apparait comme l. Devaluation du franc francais ff, 17 octobre 1948, 1 fcfa 2,00 ff.

Division of intensified cooperation with countries. Du franc cfa a leuro joseph tchundjang pouemi, monnaie. An evaluation by the real exchange rate equilibrium. This paper examines the effectiveness of cfa franc devaluation in benin. The first franc zone was set up in 1939 as a monetary region with a the french franc as its main currency. 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. Relevance of the cfa france devaluation in january 1994. In 1945, the franc des colonies francaises dafrique cfa franc and the franc des colonies francaises du pacifique cfp franc were created.

Le franc cfa et leuro contre lafrique nicolas agbohou. 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. Devaluation of the french franc ff october 17, 1948. Lancien directeur du fonds monetaire international fmi, dominique strausskahn, a livre son analyse sur le franc cfa, lex franc des colonies. Il signifie alors franc des colonies francaises dafrique. The reason for their creation was the weakness of the french franc immediately after world war ii.

Lors dun colloque sur ce sujet debut 20041, leconomiste. The cfa franc was created on 26 december 1945, along with the cfp franc. 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. In 1994, the cfa francs went through devaluation, 50 percent to be exact. Complementary nutrition for the young child following the devaluation of the cfa franc african financial community. Proceedings of the eighth international conference of the international institute of fisheries economics and trade, july 14, 1996, marrakech, morocco. Instauration du nouveau franc francais, 1er janvier 1960, 1 fcfa 0,02 ff. 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. Depuis le passage du franc francais a leuro en 1999, 1 euro vaut 655,957 fcfa. Devaluation programmee du franc cfa 1 euro 0 f cfa.