Nicolas Sarkozy: “No Way To Let The French Colonies Of Africa Have Their Own Currencies!”

Neo Liberal Colonialism, a clue to the new Oceania

OffGuardian

by Matthew, via How Africa

In an interview with the BMTV television channel, [former president of France] said that the best way to preserve the health of the French economy is to keep the FCFA as the only currency usable in the former French colonies in Africa.

France can not allow its former colonies to create their own currency to have total control over their central banks . If this happens, it would be a catastrophe for the public treasury that will lead France to the rank of 20th world economic power. There is no question, therefore, of letting the French colonies of Africa have their own currencies “

What is the CFA Franc?

The CFA franc is the name of two currencies common to several African countries, partly comprising the Central African franc zone (CEMAC) and the franc zone of West Africa ( UEMOA).

How does the CFA…

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