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Wolassa L. Kumo's Articles in Foreign Exchange Market
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The African Currencies and their Exchange Rate Volatility
There are as many currencies in Africa as the number of countries. Except the Communaute Financiere Africaine franc (XOF) or (XAF), or CFA franc, for short, there are limited currencies of regional significance in the continent. The multiplicity of currencies and limited monetary and economic integration puts the continent at a disadvantage especially during the time of global economic shocks such as the current global economic crisis.
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