Any traveller among the former French colonies of West Africa in the early 1990s could have foretold the future of the euro. The prospects weren’t pretty.
Most countries of Francophone West Africa were then, as they are still, members of a single currency zone very much like the Eurozone. Legal tender for the 13 countries was a pair of essentially identical currencies known collectively as the CFA franc — named from the French acronym for “African Financial Community.”Read the rest at the Los Angeles Times >
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