Faced with the dollar, the euro fell 14.2%. A situation that is not without implications for the 6 member countries of the CEMAC and the 8 waemu countries.

The value of the euro, the common currency of 19 member countries of the European Union (EU), has declined by 14.2% in recent months against the US dollar, leading in its wake to the decline of the CFA franc, a currency used by the 6 MEMBER COUNTRIES of THE CEMAC and the 8 WAEMU countries. This leads to lower rates on loans, and disinterests investors, whose losses are reinforced by rising prices (inflation).

The decline in the value of the CFA against the dollar has an advantage for exports. In local currency, the turnover of companies in the sector is expected to increase. But the challenge for the regions that use it is that due to the volume of imports, it will be necessary to spend more in local currency to pay international bills. It should also be noted that one of the consequences of the decline of the FCFA against the dollar is that its value has also declined against the yuan renminbi, the Chinese currency, and the dirham of the United Arab Emirates. The evolution of the FCFA also has an impact on trade between the countries that use it and their English-speaking neighbours such as Ghana and Nigeria, whose currencies have been volatile, over the past five years.