The Eco could strangle the growth of SMEs in Africa

In the transition from the CFA Franc to the Eco, the maintenance of a fixed parity with the Euro is a "sieve" for unlimited capital transfers, pointed out the eminent Ivorian economist Daniel Anipko. He described the Eco as an "economic suicide...

The Eco could strangle the growth of SMEs in Africa
In the transition from the CFA Franc to the Eco, the maintenance of a fixed parity with the Euro is a "sieve" for unlimited capital transfers, pointed out the eminent Ivorian economist Daniel Anipko. He described the Eco as an "economic suicide currency." and added that neither the French Franc nor the Euro protected the stability of the CFA franc in the past.