The study explores reform options for the CFA franc arrangement through a comparative analysis of three monetary frameworks: the European Union, the South African Common Monetary Area, and Estonia's monetary reforms. Using a narrative research approach, we examine three scenarios: unilateral exit by a lone member, a smaller common currency area formed by a few exiting members, and a comprehensive reform of the CFA arrangement with all the members. The third option with continued French/EMU partnerships was the most viable and realistic way forward (best-case scenario). Results indicate successful reform requires strengthening intra-zone trade, merging the West and Central African CFA zones, attracting new members, developing a banking union, and investing pooled reserves in transnational infrastructure. It is suggested further that a post-reform CFA framework should prioritize Pan-African solutions while maintaining beneficial links to the Eurozone through French partnership, at least in the immediate and medium term.