The French run a neo colonial empire… Ask them about that. Or how they CFA franc regime operates although PR so bad I think they stopped stealing interest on deposit.
The Macron-Ouattara announcement represents a needed reform. But it is just one of many that needs to happen. Going forward, the challenge will be to keep the benefits of the CFA franc monetary zone, namely a stable currency and low inflation, while transitioning to a new institutional system away from France. A monetary system that holds a former colonial power as the guarantor, regardless of announcements or agreements, will always ultimately fail to eradicate neocolonialism.
The French run a neo colonial empire… Ask them about that. Or how they CFA franc regime operates although PR so bad I think they stopped stealing interest on deposit.
My apologies, I didn’t know about this. https://hir.harvard.edu/true-sovereignty-the-cfa-franc-and-french-influence-in-west-and-central-africa/
Are you talking about Overseas France? https://en.m.wikipedia.org/wiki/Overseas_France
Seems similar to Puerto Rico, Samoa and the others https://en.m.wikipedia.org/wiki/Territories_of_the_United_States