WAEMU at a Crossroads? A Contribution to the Debate on the Perspective of its Monetary and Exchange Rate System
The monetary and exchange rate system of the West African Economic and Monetary Union (WAEMU) is characterised by a single currency, the West African CFA franc (XOF). Its anchor is a fixed exchange rate against the euro. France provides an unlimited and unconditional guarantee for this exchange r...
Report prepared by the Commonwealth Secretariat. Report Lead: Dr Ruth Kattumuri, Commonwealth Secretariat; Technical Lead: Travis Mitchell, Commonwealth Secretariat; Lead Technical Consultant: Patrick Guillaumont, FERDI; Technical Consultant: Laurent Wagner, FERDI. Foreword by the Rt Hon Patricia Scotland QC, Secretary-General of the Commonwealth.
