Power Relations Between States and Trans-National Economic Institutions: A Case Study of the CFA Franc
The CFA Franc – which stands for Communauté Financiaire Africaine – refers to the West African CFA franc and the Central African CFA franc, two currencies that, although separate, are in practice interchangeable and have a fixed exchange rate to the euro. The CFA franc is used in 14 countries, 12 of which are former French colonies. The currency has been criticized for its impact on the economic s