This is how France robs Afric [1]a: “It is the colonial pact that set up the common currency for the Francophone countries, the CFA franc, which demands that each of the 14 CFA member countries must deposit 65% (plus another 20% for financial liabilities, making the dizzying total of 85%) of their foreign exchange reserves in an “Operations Account” at the French Treasury in Paris.”
Africa: How France Robs Africa
· Written by Ndesanjo Macha
Categories: Sub-Saharan Africa, Cote d'Ivoire, Economics & Business, International Relations