Venezuela’s economy has been roiled by U.S. sanctions targeting the regime of Nicolás Maduro. Despite Mr. Maduro’s efforts to ease the sanctions' bite, the country was forced to sell another $1 ...

Overhauling the CFA franc, a France-backed currency used by former colonies in West Africa, could give Francophone Africa more control over their economies, experts say, even as skepticism remains.

Welcome to the 2017 XAF ZAR history summary. This is the Central African CFA franc (XAF) to South African Rand (ZAR) exchange rate history data page for the year of 2017, covering 365 days of XAF ZAR ...

JOHANNESBURG/NIAMEY, Feb 13 (Reuters) - Days after Burkina Faso, Mali and Niger announced last month they were quitting the West Africa political union ECOWAS, Burkina Faso's military ruler Ibrahim ...

At no point in history has the CFA franc – the name of a colonial currency used in west and central African countries belonging to the franc zone – been closer to its demise. Senegal has ...

Supporters of the CFA franc have a guilty conscience. They know full well that none of the arguments in favour of this monetary system can match the emotional power of the objections it elicits: the ...

After nearly three-quarters of a century, the CFA franc used by 14 African states is undergoing major change. The CFA franc -- its initials come from the French words for African Financial Community - ...

Colonialism began as a mercantilist enterprise, with companies establishing trading posts along the ocean coastlines in the warm waters of the tropics. They used whichever medium of exchange was most ...