was quoted as saying:

Exchange rate

The CFA franc was created with a fixed exchange rate versus the French franc. This exchange rate was changed only twice, in 1948 and in 1994 (besides nominal adaptation to the new French franc in 1960 and the Euro in 1999).

Exchange rate:
* 26 December 1945 to 16 October 1948 – F.CFA 1 = 1.70 French franc. This 70 centime premium is the consequence of the creation of the CFA franc, which

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