Trade Pattern Between CFA Franc Zone and Euro Countries Before and After the European Monetary Union
The CFA Franc Zone in Northern Africa is a currency union where the currency has been pegged to the French Franc since 1945. After the formation of the European Monetary Union in 1999, the peg is now against the larger currency Euro and no longer against one single currency, the French Franc. Has the new peg to the Euro had a positive effect on the CFA countries’ trade flow with the Eurozone compa
