Chad - Money



As a member of the Central African Franc Zone, Chad underwent a 50 percent devaluation of its currency in early 1994. Unlike other CFAF countries, however, Chad benefited little from this devaluation, which raised inflation for two years but failed to stimulate export volumes. Chad has otherwise benefited from a stable currency.

In Chad's domestic markets, inflation and deflation are seasonal occurrences. Food prices fall during the harvest season and usually rise by at least 100 percent during the rainy season. Chad's markets are volatile, and prices vary from day to day and week to week. At the end of each month when civil servants are paid, prices for prized consumable goods such as fish and chicken rise for a short while as suppliers take advantage of a brief rise in demand.

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