The 1969 Franc Devaluation and the Ivory Coast Economy

In: The journal of modern African studies: a quarterly survey of politics, economics & related topics in contemporary Africa, Band 10, Heft 4, S. 627-633

Abstract

As a member of the franc zone, the devaluation of the Ivory Coast currency – the C.F.A. franc – was automatic upon the French devaluation of August 1969. The purpose of this short article is to analyse the implications and consequences of the French action for the Ivory Coast, in the hope that this will throw some light on the pros and cons of such a centre–periphery monetary union.