Mali dropped out of the Franc Zone shortly after independence, not rejoining until 1967.

New agreements on military and monetary cooperation were pointedly eliminated, and Mauritania soon declared its intention of leaving the West Africa Monetary Union and its Franc Zone and introducing its own currency, the ouguiya, with the backing of Algeria and other Arab countries.

Wallis and Futuna participates in the Franc Zone, and Secretariat of the Pacific Community.

The territory participates in the Franc Zone, and as a permanent member of the Secretariat of the Pacific Community and as an observer of the Pacific Islands Forum.

The "Franc Zone" was created among former French African colonies that had become independent nations, with France managing their economic policies, treasuries, and currencies.

African Financial Community (Franc Zone)

For one thing, as recently as last December, Michel Roussin, the French Cooperation Minister and head of the main aid department told the Senate: "There is no question of devaluing the C.F.A. franc, for we are very attached to the Franc Zone."

Equatorial Guinea entered the Franc Zone on 2 January 1985.

To the consternation of French policy makers, the AKFM platform called for nationalization of foreign-owned industries, collectivization of land, the "Malagachization" of society away from French values and customs (most notably use of the French language), international nonalignment, and exit from the Franc Zone.

A continuously deteriorating economy led to a decision to rejoin the Franc Zone in 1967 and modify some of the economic excesses.