The Franc CFA and the Bank of Central African States: For or against the <i>Status Quo</i>?

This article aims to enlighten the general public on the recurring debate generated by the Franc CFA. All the arguments, both scientific and moral, which militate for a profound reform (and not “cosmetic”) if not for a definitive abolition of the Franc CFA system are put into perspective: the Franc CFA system is therefore questioned, starting from the origin of the acronym FCFA instead of the manufacture of Franc CFAs, through the transaction accounts and the presence of representatives of the French Treasury in the decision- making bodies of the Central Bank of Central African States (BEAC). However, the Franc CFA system should not be made solely responsible for all the socio-economic problems of African countries in the Franc zone, the governance problems of these countries should not be obscured.