As part of the reform of the CFA franc that began in December 2019, the France has launched the process of transferring €5 billion to the accounts of the Central Bank of West African States (BCEAO).

A visit to Abidjan from 29 to 30 April, Bruno Le Maire, the French Minister of Economy and Finance, reassured Ivorian President Alassane Dramane Ouattara on the implementation of the CFA franc reform agreements approved in December 2019. These agreements endorsed the end of the centralization of half of the BCEAO's foreign exchange reserves in the books of the Bank of France. The West African Central Bank is now expected to invest them at will in the financial institutions and instruments of its preference.

Thus, 5 billion euros will be returned to the BCEAO. These funds represent the foreign exchange reserves domiciled in the books of the Bank of France to cover imports from the countries of the West African Economic and Monetary Union (WAEMU).