The naira and cedi collapsed in Nigeria and Ghana respectively. For this, the CFA franc, precisely the one used in West Africa, is currently one of the most sought after currencies by economic agents present in these two countries

Travelers coming from Lomé or Abidjan may find that the first exchange office accepts to convert 1000 CFA francs at a rate close to that of the American dollar, at the airport of Accra, the Ghanaian capital. Demand for the UEMOA currency is even stronger in Nigeria. In reality, the availability of cash in naira is low in the country and this local currency is also depreciating

Moreover, one of the consequences of this relative appreciation of the CFA franc is a distortion of prices in border cities in UEMOA countries, due to the greater purchasing power it represents compared to the currencies of Nigeria and Ghana.