The dollar god punishes the Naira and the Cedi and makes the euro and the CFA franc waltz
While the Naira has lost 12% since the start of the year against the dollar, the Cedi 47.1%, the heaviest fall just after the Sri Lankan Rupee, and the Kenyan Shilling by 5.7%, the CFA franc, linked to the euro by a fixed parity (1EUR= 655 XOF and XAF) remains almost unmoved, pushing for reconciliation between sovereigntist activists and pragmatic economists. The currency of the CFA zone waltzes with the dollar driven by the euro but with small differences compared to other African currencies. Does this mean that in the current context the fixed parity is