The Central Bank of West African States (BCEAO) assured this Thursday in a statement that there is no devaluation of the CFA Franc that certain rumors are circulating.
“The BCEAO formally denies this information and specifies that the exchange rate between the Euro and the F.CFA remains unchanged, namely 1 euro = 655.957 FCFA”, insisted on specifying the sub-regional central bank.
The issuing body The institution “also recalls that the official exchange rates of the main currencies are published daily on its website which can be consulted on www.bceao.int in the Statistics section – “Currency rates against CFA Francs”.
Lately, rumors of devaluation have been relayed on social networks. Fake news that emerged following the rise of consumer products in global markets. And also in relation to the increasingly persistent concerns linked to the invasion of Ukraine by Russia, which is receiving numerous economic sanctions.
In view of these disinformation campaigns, the Central Bank of West African States invites the populations “to be extremely vigilant and to refer only to the usual official communication channels of the Institute of episode”.