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Even though Senegal’s intra-African trade profile is looking up, CFA franc, which is still tied to the French treasury, remains the currency of Francophone countries. Plans by the 15-member regional block, ECOWAS, to adopt a single currency since 1987, have gone nowhere. Similarly, Kenyan President William Ruto’s call for a pan-African payment system that would settle intra-African trade outside the dollar has gone nowhere.

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