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ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro - Foreign Affairs (4) - Nairaland

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Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 3:30pm On Dec 22, 2019
mansakhalifa:


The Vietnamese Dong That would be disastrous. lol

am just sayin,what they do now is their business....
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 3:31pm On Dec 22, 2019
SEGLIZ:

this ones you are dealing with don't believe in prophecy so don't expect them to believe you.


Britain leaves next year. Its already in process irrespective of the cataclysmal effects it would cause
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 3:34pm On Dec 22, 2019
healthserve:



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

i know this europeans are cunning,but they cant force you to do any deals with them no more,thats my point....

if after this you still return to them and still make deals and the cheat you again,then blame yourselves....

asia is their,russia is their...ol arab nations are their....south america is their....

its up to you now....
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 3:36pm On Dec 22, 2019
darkwan:


i know this europeans are cunning,but they cant force you to do any deals with them no more,thats my point....

if after this you still return to them and still make deals and the cheat you again,then blame yourselves....

asia is their,russia is their...ol arab nations are their....south america is their....

its up to you now....



That's the point. No one forces one to deal but when one signs treaties without looking at antecedents one would do way more than a slave when the situation demands such.
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by mansakhalifa(m): 3:36pm On Dec 22, 2019
darkwan:


am just sayin,what they do now is their business....

Of course, I understood you perfectly, boss. But the mere thought of pegging their currency to the Vietnamese Dong was simply too much for me.
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 3:36pm On Dec 22, 2019
and that peggin stuff will be dropped sooner or later....

africa doesnt have that kind of buy power to pegg anything on euros....

its a pipe dream....
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 3:37pm On Dec 22, 2019
mansakhalifa:


Of course, I understood you perfectly, boss. But the mere thought of pegging their currency to the Vietnamese Dong was simply too much for me.

haha....

it was just an example oo....

1 Like

Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 3:39pm On Dec 22, 2019
healthserve:




That's the point. No one forces one to deal but when one signs treaties without looking at antecedents one would do way more than a slave when the situation demands such.

you do know its not only nigeria that deceide stuffs about that eco currency,right....??

its like a democracy....if majority members want to pegg it,then so be it....!!
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by DexterousOne(m): 3:44pm On Dec 22, 2019
afroxyz:


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?

He has no idea
Forgive him

1 Like

Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by denjjy(m): 3:45pm On Dec 22, 2019
that's a welcome development, I hope the anticipated currency will be able to competes with some well valued currency like euro, dollar and pound
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by madridsta007(m): 3:47pm On Dec 22, 2019
[quote author=darkwan post=85130191]

its good to have doubts....but solong you start makin business with asia rather than with western nations,then the string will be cut....[/quote

African leaders, the majority of them, aren’t schooled on important subjects such as history, especially pre and colonial history.

Hence why I like Paul Kagame. Whenever the West sends its media to demonise him and Rwanda in preparation for a planned regime change, he reminds the moral consciences of th world of Rwanda and its 1994 Genocide and how the West enabled it/ looked the other way.
The Western media normally backs off after such reminder.

To say that France will let its influence, economic and otherwise, wane because of this “deal” is to be ignorant of history. Currently Francophone Africa is more militarised by the French than any time in their history. French boots and listening equipments are in Mali, Central Africa Republic, Niger, Cameroon to mention but a few. They aren’t here to listen to peasants chat about market prices. They are here for control and it’s high time African leaders— or at least Africans themselves— understood this.
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 3:48pm On Dec 22, 2019
darkwan:


you do know its not only nigeria that deceide stuffs about that eco currency,right....??

its like a democracy....if majority members want to pegg it,then so be it....!!


When intelligent decisions are to be made, lobby can be done. If Nigeria threatens to pull out or withdraw its over 60% financial contributions towards Ecowas it will be listened to
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by GenBuhari(m): 3:48pm On Dec 22, 2019
sassysure:

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.
I seems we may be truly doomed because 99.5% of us do not have insight of how we are truly being exploited.
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 3:49pm On Dec 22, 2019
[quote author=madridsta007 post=85130623][/quote]


God bless you. Too many people do not study the history and policy antecedents of nations they transact with. You can see it obviously from the comments made here on this thread how shallow many know of the consequences and causative effects of these kind of policy dealings.


Ive been studying Europe for 20 years now and have studied as far back as 1800 done till their present. If only Africans will let their best in each field represent them.

2 Likes

Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 3:50pm On Dec 22, 2019
afroxyz:


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?



Hahahaha you're angry
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by zoedew: 3:51pm On Dec 22, 2019
A very major shift that provides a shot in the arm for the West African sub regional economy.
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by itsene: 3:53pm On Dec 22, 2019
BabaRamota1980:
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.

Didn't the French support biafra?
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by AreaFada2: 3:56pm On Dec 22, 2019
Blue3k2:


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.
Stability of CFA due to pegging has helped reduce devaluation that stupid dictators could have caused to individual currencies over the years.

Compare value of Naira in 1999 to CFA with today. Naira has lost much value. Naira lost value and we still have more poverty. Our flexibility has not helped us. Disastrous fiscal policies after another.

Even our monetary reserve that we control fully, do we know how they draw the money and what they use it for?

I hope these Francophone people know what they are doing. They risk serious inflation.

1 Like

Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Blue3k2: 3:56pm On Dec 22, 2019
madridsta007:


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.

Fine start by rejecting all their foreign aid. If they're not ready to do that they're just talking at the end of the day. Even knows the money buys political favors.

1 Like

Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 3:58pm On Dec 22, 2019
[quote author=madridsta007 post=85130623][/quote]

africans leaders have mindsets of village chieftains....

take dino malaye as an example....
none of them have urge to go for world domination like other leaders in the world....

look that china jin pin guy or what is his name....
now,that is a leader....
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by CSTR2: 3:58pm On Dec 22, 2019
I have never seen a more subservient country like ivory coast.
They just don't like independence.

What is macron doing there even on this historic occasion?
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 3:59pm On Dec 22, 2019
healthserve:



When intelligent decisions are to be made, lobby can be done. If Nigeria threatens to pull out or withdraw its over 60% financial contributions towards Ecowas it will be listened to

that card can still be played later....
but now,its important to free all members....
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 4:01pm On Dec 22, 2019
CSTR2:
I have never seen a more subservient country like ivory coast.
They just don't like independence.

What is macron doing there even on this historic occasion?


you think slave mentality can just be offed just like that....??

its a gradual process....
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 4:04pm On Dec 22, 2019
darkwan:


that card can still be played later....
but now,its important to free all members....


Sorry Europe has kept its captors one way or the other since it stepped foot into Africa. That remains in play with this move. To be unfree from all form of slavery, do not join leagues. Its simple. All the Nordish countries recognised this opting for example, for joining the EEC/EEA and not the EU giving it access to EU benefits with minimal control it would have been subjected to if it joins fully.
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 4:05pm On Dec 22, 2019
CSTR2:
I have never seen a more subservient country like ivory coast.
They just don't like independence.

What is macron doing there even on this historic occasion?



Now just ivory Coast the entire Africa. Its low self esteem
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 4:05pm On Dec 22, 2019
healthserve:



Sorry Europe has kept its captors one way or the other since it stepped foot into Africa. That remains in play with this move. To be unfree from all form of slavery, do not join leagues. Its simple. All the Nordish countries recognised this opting for example, for joining the EEC/EEA and not the EU giving it access to EU benefits with minimal control it would have been subjected to if it joins fully.

i dont agree....america,china and others managed to break free....
and africa can do it too....
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by madridsta007(m): 4:05pm On Dec 22, 2019
Blue3k2:


Fine start by rejecting all their foreign aid. If they're not ready to do that they're just talking at the end of the day. Even knows the money buys political favors.

There are many books and papers that have explored the influence of foreign aid in Africa. The conclusion, from qualitative and quantitative methodologies, is that it has a terrible, counterproductive influence in Africa. No African country has relied on foreign aid and grown their GDP. Has never happened. Would never happen.

Kagame for instance have asked the West to stop their foreign aid, when threatened by journalists. Of course they haven’t. Foreign aid is an influence for Western nations. If they don’t “give” those aid, China would; Russia would; they don’t want such geopolitical alliances so they continue. In the long run, it benefits them more than Africans.
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by darkwan: 4:06pm On Dec 22, 2019
healthserve:



Now just ivory Coast the entire Africa. Its low self esteem

exactly....
many still dont understand how deep it goes....
your women still crave wigs,many still want to bleach,you still whorship white jessssssus christ....

soo.... undecided undecided
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by Kolping: 4:06pm On Dec 22, 2019
The gradual step towards the one-world government through money...

Revelation 13:17, King James Version
And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

Blue3k2:


Source: https://www.reuters.com/article/us-ivorycoast-france-macron-idUSKBN1YP0JR

Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by CSTR2: 4:08pm On Dec 22, 2019
healthserve:



Sorry Europe has kept its captors one way or the other since it stepped foot into Africa. That remains in play with this move. To be unfree from all form of slavery, do not join leagues. Its simple. All the Nordish countries recognised this opting for example, for joining the EEC/EEA and not the EU giving it access to EU benefits with minimal control it would have been subjected to if it joins fully.
QED.

This is a blank check for France afrique.
The global anti-French sentiment is high right now and macron would do anything to stop it.

Instead of them to take advantage and push for full independence just like azikiwe did in 1960, these clowns are still laughing with France.
A ruthless unrelenting colonialist.

Once anti French sentiment cools down, France would tighten back the noose and deal with the rebel leaders.
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 4:08pm On Dec 22, 2019
darkwan:


i dont agree....america,china and others managed to break free....
and africa can do it too....


Albeit Africa keeps looking for new chains through treaties it misunderstands its longer term objectives
Re: ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro by healthserve(m): 4:10pm On Dec 22, 2019
CSTR2:

QED.

This is a blank check for France afrique.
The global anti-French sentiment is high right now and macron would do anything to stop it.

Instead of them to take advantage and push for full independence just like azikiwe did in 1960, these clowns are still laughing with France.

Once anti French sentiment cools down, France would tighten back the noose and deal with the rebel leaders.



The Francophones don't know their history. Hence thibkg the while French love is founded on pure motives. Allow me take us back in time that predates the modern era exactly about 220 years back. The French outnumbered in the Franco-prussian war with Germany that had the numbers strategies to increase its army, from there came the mad desire that stiired its interest in Africa. This was the beginning of the law that forced all children of blacks born in France to become French mandatory and also its colonialist concept with the aim that when the next war comes it would have a crazy number of foot soldiers to fight its war. This was the very beginning of French interest in Africa and not for any altruistic reasons.


It's in history, Africans need to read to be liberated. Read they won't read they will come online fighting apc pdpd Igbo hausa fights relegating the counsels of intelligent persons. This occurs across the length and breadth of Africa.


This strategy was also put into place by France to fight Germany... Story for another day. It wasn't just the allies. It was this strategy the French out in place forming an extremely large amount of African and Chinese foot soldiers fighting on the rear of battle lines when NAZI Germany lost numbers due to battle fatigue. This was the brilliance that helped ended the war.

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