Senegal's Ba criticises rival's national currency plan as bad for investment

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The presidential candidate for Senegal's ruling coalition, former Prime Minister Amadou Ba, warned on Friday that an opponent's proposal to introduce a national currency could discourage investors, a prospect the country could not afford.

Item 1 of 2 The Senegalese presidential candidate, Amadou Ba of Senegalese President Macky Sall's ruling coalition shakes hands with a supporter in Dakar, Senegal, March 22, 2024. REUTERS/Luc GnagoThe Senegalese presidential candidate, Amadou Ba of Senegalese President Macky Sall's ruling coalition shakes hands with a supporter in Dakar, Senegal, March 22, 2024.

Ba, 62, is facing 18 other candidates in Senegal's presidential election on Sunday. No frontrunner has emerged, but the opposition has seen strong momentum behindwithin the eight-nation West African Monetary Union that use the CFA franc. If that fails, he will push for a national currency.. "Our currency is convertible and stable, and inflation has been moderate compared with countries with their own currencies," he said.

 

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