The Malian franc: from the jump to the ups and downs - Kapital Afrik

[Ndubisi Obiorah]

Former Malian President Modibo Keïta was a visionary. Two years after the independence of his country proclaimed on September 22, 1960, he made the choice of monetary sovereignty. Mali abandoned the CFA franc to mint its own currency, the Malian franc. This monetary experience could have been beneficial to the country and to the entire continent. Unfortunately, trapped by internal divisions and France’s fierce determination not to let the Guinean precedent recur, it faded on July 1, 1984 by the reintegration of Mali into the CFA zone.

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