Citi Economist Urges CFA Franc Devaluation to Spur Growth in Central Africa
Citigroup Inc. says central Africa’s monetary bloc should consider devaluing its currency, which is pegged to the euro, in order to boost economic growth and stem a slide in reserves.
By Ray Ndlovu · Bloomberg Markets
Citigroup Inc. says central Africa’s monetary bloc should consider devaluing its currency, which is pegged to the euro, in order to boost economic growth and stem a slide in reserves.