The CFA Franc Is A Colonial Relic And Symbol Of French Monetary Imperialism In Africa That Needs To End

The West African nations in the CFA zone are required to deposit 50% of their foreign exchange reserves in a special French Treasury “operating account”. At one point it was 100%!

France And Africa: Macron Sounds Ashamed Of Colonial Past, But His Words Shouldn’t Be Confused With Reality

To this day African countries such as Mali, Cote d’Ivoire, Cameroon and Gabon, are required to deposit two-thirds of their foreign exchange surpluses into a French operations account.