BAOBIZZ English

For more than three decades, Africa has been one of the main theatres of international humanitarian action—so enduring that it now resembles an “ordinary” mode of crisis management rather than an exception.

Exiting the CFA franc is not merely a political gesture. It is a simultaneous transformation of law, public finance, financial stability, monetary logistics, diplomacy and collective confidence. The real challenge is not simply issuing a new currency, but ensuring that a poorly sequenced transition does not trigger a currency crisis, a banking crisis, imported inflation and a rapid deterioration in debt sustainability.

Since independence in the 1960s, Senegal—like many African countries— has struggled to achieve true economic autonomy under the weight of growing external debt.