CFA franc withstood Ivorian turmoil - central bank

IVORY COAST - The CFA franc used by eight West African states stood up well to the turmoil in Ivory Coast after a December 1999 army coup and remains a solid currency, the head of the countries' common central bank said on Mar 31, 2001.

"There are some countries where the currency would have collapsed if they'd found themselves in a similar adventure," BCEAO governor Charles Konan Banny told a news conference. "The CFA franc held up and remains a factor of confidence (in the region)," he added