THE CFA FRANC

Publié le 12 août 2023 à 18:11

The CFA franc composed of two common currencies; the franc of the financial community in Africa used by eight member states (Benin, Burkina Faso, Côte d'Ivoire, Guinea Bissau, Mali, Niger, Senegal and Togo) and the franc of financial cooperation in Central Africa composed of six countries ( Cameroon, Central African Republic, Republic of Congo, Gabon, Equatorial Guinea and Chad Recently several countries have experienced coups following the unpopularity of these governments and with the greatest joy of Africans wanting to free themselves from the French yoke, that is it ?

Military coup, a non-event

It may seem incomprehensible, but the recent military coups in Mali, Burkina Faso, the popular revolt of the Senegalese against President Macky Sall who wanted to run for a third term, the military coup in Niger are for the moment no event in the history of these different states because the primary objective sought by the putschists and the population, namely the end of the reign of France, is not over, despite the expulsions of ambassadors, journalists or associations. The only way to give real political meaning to these coups, to the revolt of the population is simply to leave the CFA franc and offer a national currency, but this would also be a risk for these countries which would not want to unite. with other states to create either a confederation or a federation in order to be stronger against these powers, France is not alone but acts on behalf of the European Union, globalization has created continent states of powerful blocks, the BRICS, the G7, the world economic forum. In order to avoid new martyrs like T. Sankara, these countries Mali, Burkina Faso, Niger and the other countries to come should work together to leave the CFA franc and propose a common currency because the mission would be accomplished and the allied countries like the Russia will take seriously and respect in its political vision even countries like the European Union or the United States.

A monkey currency

France still manages the economies of these rebellious countries, it manufactures and manages the franc Communauté Française Afrique (CFA) currency which previously was called French Colonies of Africa so it would not be wrong to say the colonial currency CFA franc which does not is a monkey currency that is not recognized by any country in the world, it is impossible in 2023 to change the currency for example from the CFA franc to obtain the Euro or the Dollar, even worse, no bank French in France will not want to change the CFA franc, so it is truly a monkey currency of which only the Africans who use it are unaware and those heads of state do not realize the extent of the shame they cover themselves by not reacting to this situation.

The generation of "Papa France" of A. Ouattara and others is at the end, the new generation must propose concrete solutions for the salvation of the African continent.

APB

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