Conclusion
Some advantages of the franc zone and the Operation account to the Paris exchange market may have existed and still exist for the UMOA member states. These financial arrangements may have provided relative monetary stability to the Monetary Union of West African states. But they still favor French Treasury by bringing foreign currency to the Paris Exchange market.
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Yansané, A.Y. Some problems of monetary dependency in West African States of French colonial legacy. The Review of Black Political Economy 7, 22–39 (1976). https://doi.org/10.1007/BF02689404
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DOI: https://doi.org/10.1007/BF02689404