As part of the reform of the CFA franc initiated in December 2019, France launched the process of transferring 5 billion euros to the accounts of the Central Bank of West African States (BCEAO).

Visiting Abidjan from 29 to 30 April, Bruno Le Maire, the French Minister of Economy and Finance, reassured the Ivorian President Alassane Dramane Ouattara on the implementation of the agreements to reform the CFA franc approved in December 2019. These agreements endorsed the end of the centralization of half of the BCEAO's foreign exchange reserves in the books of the Banque de France. The West African Central Bank is now supposed to invest them at will in the financial institutions and instruments of its

Thus, 5 billion euros will be returned to the BCEAO. These funds represent the foreign exchange reserves domiciled in the books of the Banque de France to cover imports from the countries of the West African Economic and Monetary Union (UEMOA