|
|
|
|
|
by realusername
2733 days ago
|
|
> While we can debate the relative merits and demerits of the CFA, it is still quite very strange and quite frankly colonial that the arrangement continues. It continues because it's becoming an African euro-zone, having the same currency is invaluable. Especially that the African currencies don't have a reputation for stability. It's not a coincidence Mali & Guinea left and then came back in. > Lastly, one just has to compare the state of Francophone African states towards most of the Anglo states, they are on by definition normally poorer and more fragile I don't really agree with that, you have counter example in both cases, on my case I could point Cote d'Ivoire where the Bank of Africa is located and on the other Anglo side you have Uganda which isn't exactly an example of a rich country, the Franc CFA definitely helped for that. |
|
And we definitely felt sorry for Ivory Coast when French special forces busted into their presidential palace to resolve a domestic electoral dispute. But hey CFA Franc, stability and all that, yeah!