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Francophone zone: The BCEAO pays dearly for the production of the CFA Franc at the Banque de France

01/06/2022
Categories: Economy/Forex

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In a recent publication, the ecofin agency revealed that for the purchase and transportation of CFA franc bills and coins in circulation within the West African Economic and Monetary Union (UEMOA), the Central Bank of the sub-region announced that it had spent CFAF 46 billion (about $76.6 million).In a recent publication, the ecofin agency revealed that for the purchase and transportation of CFA franc notes and coins in circulation within the West African Economic and Monetary Union (WAEMU), the Central Bank of this sub-region announced that it had spent the sum of 46 billion CFA francs (about $76.6 million). "CFAF 38.2 billion was spent on the purchase of monetary insignia, while CFAF 7.8 billion financed their transportation," says the report on the financial statements of the BCEAO for the year 2021.

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