Oil rich countries and parity with the US dollar:

Why don't Western CFA Franc Countries in Africa follow?

The economist's November last edition and its December first edition reported the concern the Golf oil rich countries concern over the raise of the US $ with creating much problems on their economies. The fact being that those countries have their national currencies pegged to the Dollar detrimental to their economies with oil price skyrocketting to record high this year. The is legitimate and show the need for economies to grow up and take their own destiny in their hand. They will be much better served if their agree on a basket of currencies their national currencies could fluctuate against than only one.
This should be a red signal to western and central African countries that are still sharing a common currency still on a fix peg with the french Franc and now the Euro. Th problem is that most international transactiopn are done in dollar and those countries are more and more dealing with China and India. The rise of the Euro against the Dollar is not to help them because a rising Euro doesn't not refect their individual economies. This could lead to a future devaluation of their currency, the CFA Franc. Most of those african countries economies depend on crop trade in the international market in dollars. Therefore, the need to update their currency to the reality today is far greater. It is then urgent that the western African economic union seize the opportunity to cancel the peg their currency has with the Euro start taking their economic destiny by deciding on mayby a free flot against a basket of currencies they trade with. This is important that the existing monetary system doesn't fit their need. The earlier the decision the better.