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0 pointsaaomidi2y ago0 comments

What a take. France is literally still forcing multiple African countries to use CFA.

There are FOIA reports that the nato strikes on Libya were because the French president of the time wanted to have a better “standing” at home. Same bombing that led to the failed state that has now caused tens of thousands of people to die from a flooding.

France, and Europe have a ton of responsibility in what’s happening.

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Kretinsky2y ago

How is France forcing those countries to use the CFA? Some are leaving, I didn't see any friction: https://www.aa.com.tr/en/africa/west-african-countries-to-st...

In general, the CFA caused lower interest rates to the countries using it, which is good for developed economies. The people complaining about the lost interest (I haven't seen a real proof about this btw) never speak about the massive french subsidies to the western african states (>$2bn), that dwarfs any retained income from the CFA treasury.

Ho, wait they are also complaining about this! https://www.jeuneafrique.com/1195128/economie-entreprises/la...

So yes, let's close the southern border, push back the boats and never set foot nor send money there. I'm all for this.

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