Updated May 23, 2025 • 1-min read
Posted by Anonymous
May 22, 2025
1 answer
Posted by Anonymous - May 22, 2025
Oh for sure, stuff like this always shakes up the CFA franc! With the chaos in Ivory Coast (which is a major player in West Africa), investors start freaking out and pull their money out, which makes the currency drop. I’ve seen that happen before – a few years back my friend’s family had savings in CFA francs, and after political trouble, they couldn’t even buy stuff they used to because prices shot up.
A weaker CFA franc means imports get way more expensive, so things from outside the country cost more. That messes with businesses that buy foreign products to sell locally, and even things like tech or medicine. For regular people, food prices and daily stuff can go up quick. It also hits anyone planning to travel or send money abroad. Honestly, it’s a tough spot, and the longer the unrest goes on, the harder it gets for everyone dealing with money in the region.
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