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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro (33828 Views)
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Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by DexterousOne(m): 3:01pm On Dec 22, 2019 |
I knew it will be Ouatarra that will snitch You guys should have disconnected yourself totally And no way will Nigeria get yoked into a currency pegged to another So That is how the ECO became dead on ARRIVAL Which I believe is not a well thought out idea 1 Like |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 3:02pm On Dec 22, 2019 |
Xisnin: somehow,no....?? |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by DexterousOne(m): 3:02pm On Dec 22, 2019 |
grandstar: You have no idea So just forget France without Françafrique is Portugal or Tunisia Françafrique is what keeps France rich 6 Likes 2 Shares |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by afroxyz: 3:04pm On Dec 22, 2019 |
darkwan: what he said is true. Go and study history so that you would not expose your ignorance |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by BreconHills(m): 3:05pm On Dec 22, 2019 |
healthserve: Whoah! Hold your horses. Bros, the Francophone have decoupled their currency from the french franc as it is no longer backed by the french treasury. ( or rather the good faith of the French government) Pegging it to the Euro does not imply a loss of sovereignity. These are small import dependent economies. The move is intended to reassure debtors, contractors and investors that there will be no significant fluctuations in the value of their fx based dealings with the bloc. It's a sensible move that should be seen for what it is. It in no way assumes subservience or financial imperialism. 1 Like |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by SEGLIZ: 3:07pm On Dec 22, 2019 |
darkwan: Naira isn't begged, it's an independent floating currency. mind dollar is a universal measure of exchange rate. |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Nobody: 3:07pm On Dec 22, 2019 |
sassysure:Brexit will never happen. They are playing to the gallery. African countries will still be under the control of colonialist exploiters if not via taxes, but they would devise alternative ways to economically milk those nations. 2 Likes 1 Share |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Nobody: 3:07pm On Dec 22, 2019 |
Blue3k2:Wat of Cameroon |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by afroxyz: 3:08pm On Dec 22, 2019 |
grandstar: when they said you people should read you chose to entangle yourself with BBNaija and ladies with low mentality. Just look at how you are dancing naked in the marketplace. Go and watch the documentary franceafrique. after that I can give you more resources. Next thing you would say the GDP of the US and China is bigger so they dont depend on Africa. what do you even think capitalism is all about sef? 6 Likes 1 Share |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by loswhite(m): 3:09pm On Dec 22, 2019 |
healthserve:lol empty head.... They always think they know more than everyone else |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by madridsta007(m): 3:09pm On Dec 22, 2019 |
Blue3k2: I’m very sure that the French still have strong ties to the CFA Francs. Colonialists never completely give up their conquests. For the French to have allowed Francophone African countries to come up with this arrangement, trust that they have devised another way to economically milk these countries. I remember when Libyan Ghaddafi was posing and smiling with various Western leaders as they allowed him access to Libya’s wealth which were under sanctions. A short while after that, NATO bombed democracy into Libya. Today western proxies control Libya’s wealth. It will be the same with Francophone Africa. 1 Like |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 3:11pm On Dec 22, 2019 |
loswhite: Yawns like your existence is meaningful to me 1 Like |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by SEGLIZ: 3:13pm On Dec 22, 2019 |
Xisnin: thanks for telling that man forming giant of knowledge whereas he knows next to nothing. 1 Like 1 Share |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 3:15pm On Dec 22, 2019 |
SEGLIZ: ahh....okay....am not that good in economics.... thx.... that blue guy cant say anything without insult in it.... |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 3:16pm On Dec 22, 2019 |
SEGLIZ: when was i forming giant of knowledge....?? must you Igbos always insult to pass your message....?? |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Sewgon79(m): 3:17pm On Dec 22, 2019 |
panafrican: Did you know that France has so many Military Base in Abidjan. When I say I mean big Military Barracks guided by white soldiers not Abidjan soldiers. I once live in Abidjan and anytime I want to pass through front of the based I laugh in Yellow. French presence in Abidjan is more or less like France still using Ivory Coast to control other French colony. This EcO is another method. Leaving them with their financial problems but still controlling their resources. It profits FRANCE . 8 Likes 2 Shares |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by thatigboman: 3:17pm On Dec 22, 2019 |
healthserve:people like u are a problem to the black man |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Nobody: 3:17pm On Dec 22, 2019 |
Aladegba: Cameroon is not part of the West African CFA Franc bloc. Rather, they are part of the Central African CFA Franc bloc along with the likes of Gabon, Equatorial Guinea, Congo Republic, CAR, etc. As a result, they will remain totally affected by this recent development/changes. Look up the last paragraph of OP's post. |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 3:18pm On Dec 22, 2019 |
thatigboman: typical igbo behaviour.... do you people think anybody will listen to una,after you insult them....?? 1 Like |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Farmafric(m): 3:18pm On Dec 22, 2019 |
darkwan: |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 3:20pm On Dec 22, 2019 |
thatigboman: Yawns. Try the path of intennectual discuss first and not rants. If you can intellectually speak with civility I'll take you serious |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Nobody: 3:21pm On Dec 22, 2019 |
GenBuhari:Are u sure about that? Hmm. I'm waiting and watching though. But u are right, the way Britain is still milking Nigeria and controlling her politically. Africa is a doomed continent honestly. 1 Like |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 3:23pm On Dec 22, 2019 |
Sewgon79: God bless you my brothers. These guys live like without Europe they will die. Look at how other people ho know little about these things are celebrating this glamorous slavery 2 Likes 1 Share |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 3:24pm On Dec 22, 2019 |
GenBuhari: Deceive yourself. Even before Europe was formed, there was prophecy of nations leaving Europe including Britain. When Britain leaves next year, go and declare war on them |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 3:26pm On Dec 22, 2019 |
healthserve: their money is not in far away europe no more,soo how are they still controlin them....?? 1 Like |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by SEGLIZ: 3:26pm On Dec 22, 2019 |
darkwan: I'm no ipob besides I didn't come out at you directly but the same if got you sorry about it, you mention hating the balls of the other man earlier on. |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 3:26pm On Dec 22, 2019 |
madridsta007: I'd say its Africans that have the phobia of standing alone without leaning on "objects", like an handicapped. Why Africans continues to posture towards doubts and uncertainty eludes me. |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Nobody: 3:28pm On Dec 22, 2019 |
darkwan: The Vietnamese Dong That would be disastrous. lol |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 3:28pm On Dec 22, 2019 |
darkwan: Watch Europe carefully. Europe controls through laws.... It's always their bait system. Laws that enforces and binds to bend to their bidding without alternatives. Study Cyprus and Greece as case study |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 3:29pm On Dec 22, 2019 |
madridsta007: its good to have doubts....but solong you start makin business with asia rather than with western nations,then the string will be cut.... |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by UncleJudax(m): 3:30pm On Dec 22, 2019 |
Blue3k2:After Luigi di Maio yab France |
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by SEGLIZ: 3:30pm On Dec 22, 2019 |
healthserve: this ones you are dealing with don't believe in prophecy so don't expect them to believe you. |
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