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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro (34104 Views)
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ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Blue3k2: 10:18pm On Dec 21, 2019 |
ABIDJAN (Reuters) - The West African Economic and Monetary Union has reached an agreement with France to make changes to the CFA franc, Ivorian President Alassane Ouattara said on Saturday, in a shift away from the former colonial power. Source: https://www.reuters.com/article/us-ivorycoast-france-macron-idUSKBN1YP0JR 8 Likes 4 Shares
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Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Blue3k2: 10:22pm On Dec 21, 2019 |
I guess france has decided to wash their hands of W. African CFA franc. The french treasury will no longer back the currency. They no longer have seat on board or reserves afterall. Congratulations and good luck to the Africans who control their currency. 84 Likes 5 Shares |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 10:24pm On Dec 21, 2019 |
Why do we have to peg it to the Euro. Francophone sha and the idocy of the Anglophones Directly pegging the currency against another bloc implies zero control. Given the Complexities surrounding Brexit, common sense would imply we tred carefully yoking ourselves with the Euro bloc as pulling out of arrangements isn't anything the Europeans take lightly. Fullish unthinking Anglophones..spits From Britain to Greece to Spain to Cyprus Europe has continously remained a dodgy bloc when it comes to dealing. Yoking is easy, unyoking if necessitated is what becomes troublesome. 38 Likes 4 Shares |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Blue3k2: 10:42pm On Dec 21, 2019 |
healthserve: What are you suggesting they do. Do you want them to have floating exchange rates or peg it basket of currencies? Maybe they should consider a weaker currency for cheaper exports but that's up to them. The Euro is pretty stable with or without UK being in the block. Their monetary policy can be altered later. They're not the only country that pegs their currency to anyway. 24 Likes 2 Shares |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 10:42pm On Dec 21, 2019 |
Blue3k2: Armateurish |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by JubrinElSudan: 10:46pm On Dec 21, 2019 |
How about the ecowas currency? If that pulls through, changing currency twice within a decade for them 3 Likes 2 Shares |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by tck2000(m): 10:47pm On Dec 21, 2019 |
Still Being Colonized! 9 Likes |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Blue3k2: 10:49pm On Dec 21, 2019 |
healthserve: Dont just rant Mr. expert give your suggestions. What should they do with their currency? 108 Likes 14 Shares |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 10:50pm On Dec 21, 2019 |
Blue3k2: Like you're in my I.Q-Rank. I've stop dishing out private hard learned strategies. Enjoy your ignorance 5 Likes |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Blue3k2: 10:52pm On Dec 21, 2019 |
healthserve: Lol so you have none after ranting and raving? I thought so. Useless arm chair experts. 155 Likes 7 Shares |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 10:56pm On Dec 21, 2019 |
Blue3k2: Sorry revere psych doesn't work on moi. Ciao amigo 4 Likes 1 Share |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Blue3k2: 10:58pm On Dec 21, 2019 |
healthserve: I was just stating facts dont stress yourself. I know you have nothing to contribute but that rant. 117 Likes 7 Shares |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 10:59pm On Dec 21, 2019 |
Blue3k2: Yawns. Try harder 2 Likes |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Nobody: 11:01pm On Dec 21, 2019 |
Blue3k2: he did not even spell 'amateurish' correctly bro. Why waste your time ? 114 Likes 9 Shares |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 11:02pm On Dec 21, 2019 |
Dasuks: Called bvsy. Younger generation. Smh 2 Likes |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 11:04pm On Dec 21, 2019 |
healthserve: i hate that guy.... |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Blue3k2: 11:06pm On Dec 21, 2019 |
Dasuks: Lol these internet experts are funny. 26 Likes 2 Shares |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 11:07pm On Dec 21, 2019 |
Blue3k2: stfu....you piss me off.... isnt naira pegged to that dollar stuff somehow....?? you dont know when to talk or stop talkin,you just talk anything that comes to your mind.... yeye.... 1 Like |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Blue3k2: 11:08pm On Dec 21, 2019 |
darkwan: Or what loser? 6 Likes |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 11:10pm On Dec 21, 2019 |
Blue3k2: bite me....!! |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Blue3k2: 11:12pm On Dec 21, 2019 |
darkwan: Im glad your mental disorder isnt contagious. It's too bad it's genetic. Best of luck to you. 11 Likes 1 Share |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 11:14pm On Dec 21, 2019 |
good news....atleast france is away....if they want they can peg it to vietnamese currency,i dont give a fvck solong france is away.... 5 Likes 1 Share |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 11:15pm On Dec 21, 2019 |
Blue3k2: look who dey call somebody mental disorder.... if you are standard of mental order,then i prefer my mental disorder....thank you.... |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 11:16pm On Dec 21, 2019 |
darkwan: As long as its Europe, France stays 2 Likes |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by BabaRamota1980: 11:18pm On Dec 21, 2019 |
France is relevant in world politics today because of its Francophone countries, particularly in North and West Africa. France economy subsists on African wealth. France will be broke if these African countries disintegrate, and is why whenever any people or sub ethnic in West Africa starts to talk of secession, France is engaged and pumps money in to destroy the thought. If Biafra is allowed to break free other ethnic groups in many of Francophones will follow that example. At end of day France power will diminish along with the dismembered countries. This is the story of Southern Cameroon. 32 Likes 2 Shares |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 11:18pm On Dec 21, 2019 |
healthserve: i dont believe that.... you do know the naira is pegged to the dollar,right....?? its a start....just france is away,thats all i care about.... |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 11:18pm On Dec 21, 2019 |
darkwan: Euro is France and Germany bro 4 Likes 1 Share |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 11:19pm On Dec 21, 2019 |
BabaRamota1980: you biafrans sef with una twisted minds.... 9 Likes |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 11:20pm On Dec 21, 2019 |
healthserve: and what do you call naira then....?? |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 11:22pm On Dec 21, 2019 |
stay focused....you were enslaved and colonized for soo long.... this is a hugh step for africa.... now i understand why they were all smiling(except ghana) in that ecowas photo.... |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by BabaRamota1980: 11:25pm On Dec 21, 2019 |
darkwan: May God forgive you for calling me Biafran. You need to atone for this sin. It will cost you 2 black goats and 6 white chicken and 2bottles of Johnny Walker. Yeye thing. You no find somebody call Biafran na me you come choose. 17 Likes 2 Shares |
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