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CFA franc English
Meaning CFA franc meaning
What does CFA franc mean?
CFA franc
Synonyms CFA franc synonyms
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Examples CFA franc examples
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News and current affairs
France's unchallenged political, economic, and military domination of its former sub-Saharan African colonies is rooted in a currency, the CFA franc.
The bulk of the CFA franc money supply comes from trade between France and its African allies.
The only rational reason for the CFA franc's existence is connivance between France and the governing elites of its former colonies in order to plunder the franc zone states.
Instead, they shifted the peg for the CFA franc to the euro while keeping the same rules, institutions, and mode of functioning.
The premier and oldest of these unions is composed of the fourteen countries that belong to the Economic and Monetary Community of Central Africa and the West African Economic and Monetary Union, which both use the CFA franc.