EURO FALLS TO PARITY AGAINST THE DOLLAR: IMPACT ON CAMEROON'S FOREIGN TRADE OPERATIONS
The depreciation of the Euro against the US dollar has had several consequences on Cameroon's foreign trade operations conducted using the CFA franc. The fact that the CFA franc is pegged to the value of the euro has brought down the prices of some Cameroonian products denominated in CFA francs and intended for export. This is particularly true of manufactured goods and agro-food products.
From another angle, this situation can be a great advantage for exporters... Read more