CEMAC Heads of State opt for adjustment to avoid FCFA devaluation

By DOH JAMES SONKEY IN YAOUNDE Six Heads of State of the Central African sub-region; Host President, H.E Paul Biya of Cameroon, H.E. Faustin-Archange Touadera of the Central African Republic (CAR), H.E. Idriss Deby Itno of Chad, H.E. Teodoro Obiang Nguema Mbasogo of Equatorial Guinea, H.E. Denis Sassou Nguesso of Congo and H.E. Ali Bongo Ondimba of Gabon meeting in Yaoundé last December 23 in an Extraordinary Summit of the Central African Economic and Monetary Community, CEMAC resolved to adjust their economies in order to elude the Franc CFA currency from suffering another devaluation. In his opening remarks, President Paul…