In my country, somewhere in West Africa, the devaluation of the CFA was followed by an additional 70% reduction in civil servants' salaries. (Most people with stable incomes were civil servants: doctors, teachers, etc. 🚩😵‍💫)

We observed the middle class disappear overnight; it was horrible. The social consequences of these measures cannot be overstated, and we still suffer from their impact today.

The problem with the CFA, along with the “colonial pact” imposed by France, is that they maintain the illusion of independence of our countries. But let's be honest, it doesn't necessarily mean that we would have been better off had we obtained “real” independence.

I have adopted the controversial position that independence came too early for many African french colonies; it was rushed, primarily because of the insurrections of communist activists in a globally well-coordinated plan to grab power from France. We were never ready.