I had never heard of the CFA Franc until I started reading Alex Gladstein's books https://alexgladstein.com/home/books/
It looks like French neo colonialism in Africa may be coming to an end soon, and that end may not be pretty. For the past few years, many of these African governments have experienced military coups. These include Niger, Gabon, Burkina Faso, Chad, Mali, and Guinea. The anti-French sentiment is understandable and getting more intense. To get a good sense of the history of the region, as well as a synopsis of recent events, watch this video. I admit the title might be a bit sensational and click baity, but I don't know the reality on the ground.
https://youtu.be/fiD24uEvY1U
Recently there has been talk of the creation of a new West African currency to replace the CFA Franc.
https://allafrica.com/stories/202403150007.html
The Russian mercenary Wagner Group is supporting the anti French faction.
I'm suspicious of videos like this, though I know the CFA can't be seen as anything less than an economic time bomb.
Do any stackers have personal knowledge of the current situation?
Have read it and bookmarked it bc that was the first time I heard about it. It's interesting and quite comprehensive.