Everyone is talking knowingly or because they have heard about the Evian Agreement and France’s seizure of Algeria’s decision-making and wealth. This is nothing compared to another agreement in which France seized the savings, currency, currency reserves and sovereignty of 14 African countries, in general and in detail, and for an indefinite period. Welcome to the world of the African franc
. Colonial world 2.0
The date of the birth of the CFA franc sums everything up: December 26, 1945. On that day, France was devastated by the World War, and even de Gaulle, who issued the decision, was not an elected president, but rather a transitional president who was not appointed by anyone. The goal.. is for the colonies to save France from economic collapse and famine after the World War.
The African franc was equal to 1.7 French francs… meaning that the colonial currency was 70% higher than the colonizer’s currency… From the first day, France imposed its conditions… and these are some, but not all, of the conditions. All countries’ savings and assets in hard currency are placed with the French Central Bank. France alone is authorized to print the
. Countries do not have the right to print it.
Every country, with its majesty, is considered merely a customer. Opening a bank account in France.
No country can borrow without the approval of the French Central Bank.
France determines the value of the franc, and no country can raise or lower its currency.
If a country borrows an amount and defaults on repayment, France will be the one to negotiate in its place to reschedule the debts… etc. etc
Subordination to France indefinitely
UEMOA The countries that use the African franc are divided into two groups: countries in West Africa, which are
Benin, Burkina Faso, Côte d’Ivoire, Guinea Bissau, Mali, Niger, Senegal and Togo
: CEMAC, and countries in Central Africa, which are
Cameroon, Central Africa. Congo.. Gabon.. Chad.. and Equatorial Guinea.
Many countries tried to get out of this system and issue their own currency, but they faced difficulties imposed by France to prevent this.. West African countries tried to issue a unified currency for the eight countries and they agreed to call it the Eco, but France created problems between them, and the project is still suspended. Despite dozens of meetings and agreements between them
Today… the euro is equal to 655 African francs… and it stands as an obstacle to the progress of countries’ exports and to their sovereignty. Their savings and money remain hostage to the Bank of France. They do and decide what they want and set the exchange rate to suit them… And after that, we wonder why our streets are filled with Africans asking for charity, fleeing from countries. Swimming on rivers of oil and gold.