The French publicly-owned media Rfi announced with great fanfare yesterday without details of an alleged “end” of the FCFA whistled by France, yet that is false.
According to this report of the Council of Ministers held at the Élysée Palace yesterday 2020 May 2020 relating to the bill of the COOPERATION AGREEMENT BETWEEN FRANCE AND THE GOVERNMENTS OF THE MEMBER STATES OF THE WEST AFRICAN MONETARY UNION, everything leaves to believe that we have migrated from the CFA Franc simple to Franc CFA version 2.0 although we are told about the ECO.
Even if it must be recognized that this agreement made it possible to put an end to the centralization of the foreign exchange reserves of the West African Monetary Union (WAMU) in Paris with the effect of the suppression of the account of operations, the modification of the modalities of exchange between France and the ‘UMOA leading to the withdrawal of France from all of the governance bodies of the WAMU etc, France always keeps a hold on this currency.
It is a way of withdrawing through the door and entering through the window. France remains the guarantor of this currency with control over all the decisions taken by the BCEAO.
IS AFRICA IMATURE TO GUARANTEE ON ITS OWN CURRENCY? HOW CAN A COUNTRY LIVING IN AN ECONOMIC MARASM HELP OTHER COUNTRIES DEVELOP? THIS INTERFERENCE IS ONLY A MONETARY NEGATIVE TREATY.
According to this document, things that were done in a formal way will now be done informally. As we trivially say, things will happen now in total darkness as with France Africa.
GO TO KNOW WHY. IF FRANCE REALLY WANTS TO END THE FCFA, LET IT NO LONGER BE MIXED WITH AFRICAN MONETARY POLICY AND DEFINITIVELY PUT AN END TO FRANCE-AFRIQUE, THE BASE OF FRENCH NEOCOLONIALISM IN AFRICA.
WE CAN FALSE A PART OF THE PEOPLE ALL THE TIME, WE CAN FALSE FOR A CERTAIN TIME THE WHOLE PEOPLE, BUT WE CANNOT TRY ALL THE PEOPLE ALL THE TIME. BY LAUNCHING YOUR STONE THE BIRD SAW.
(Our loose transactions)
By Elong NDAME