Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,193,937 members, 7,952,772 topics. Date: Wednesday, 18 September 2024 at 11:51 PM |
Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / France Ractifies Law Ending Use Of CFA In West Africa. (717 Views)
Biden Causes Stir After Ending Speech With ‘god Save The Queen’ / ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro / Valentine Strasser, From Ex-Head Of State To Pauper: Youngest West Africa Leader (2) (3) (4)
France Ractifies Law Ending Use Of CFA In West Africa. by theenchanter: 4:39pm On May 23, 2020 |
The much awaited bill ratifying the end of the 75-year old CFA franc was adopted on Wednesday by the French Council of Ministers, the spokesperson for the French government, Sibeth Ndiaye said. “It was during an official visit to Ivory Coast in December 2019 that President Macron and French West African leaders announced a historic reform of monetary cooperation that was to lead to the end of the CFA franc. “This symbolic end was to be part of a renewal of the relationship between France and African countries,” she said. The text validates the transition of the CFA franc used by eight French West African countries to become the newly proposed Eco, a currency to be adopted by the entire West African bloc, ECOWAS. It also marks the end of the centralization of foreign exchange reserves of the eight West African states with the French Treasury. The future Eco currency will have a fixed parity with the euro. The eight countries concerned are: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. https://www.von.gov.ng/france-ratifies-law-ending-west-african-cfa/ 1 Like
|
Re: France Ractifies Law Ending Use Of CFA In West Africa. by theenchanter: 4:41pm On May 23, 2020 |
The text validates the transition of the CFA franc used by eight French West African countries to become the newly proposed Eco, a currency to be adopted by the entire West African bloc, ECOWAS.This one sound sketchy. The future Eco currency will have a fixed parity with the euro.but this one sounds cool... But also sketchy because Europe should have nothing to do with Eco currency afterward, so how will they dictate Eco currency parity? Except France has a sinister plan to hijack d Eco currency. 1 Like |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by abobote: 4:45pm On May 23, 2020 |
g |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by vcente(m): 5:55pm On May 23, 2020 |
theenchanter:Eco has already been hijacked, that's why Nigeria pulled out. It's like this France is backing the currency the same way gold is backing the US dollars |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by panafrican(m): 3:42pm On May 24, 2020 |
The treacherous West African head of states who helped criminal Allassane Ouattara take power in Cote d'Ivoire have now something to use to distract people from their failure. Eco is nothing but just the very same CFA that changed name. France and their puppet Ouattara are mocking Africans. 1 Like |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by theenchanter: 5:14pm On May 24, 2020 |
panafrican:exactly. |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by nijabazaar: 6:56pm On May 24, 2020 |
In the end, Nigeria with tail tucked in btwn legs, will still join the Eco |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by panafrican(m): 7:06pm On May 24, 2020 |
nijabazaar:Not under general Buhari, you bet. Had Jonathan been in power, Nigeria would be trumpeting and beating the drums every day calling on other countries to join. |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by LakeNyanza: 7:43pm On May 24, 2020 |
Welcome to the fake eco ..... The neo-cfa, if France is happy it means we have taken an L . |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by Mcy56(f): 12:01pm On Aug 07, 2020 |
theenchanter:Long time? How's everything? Hope you're staying safe during this covid era? Though I've been getting some of your posts and I do read some sometimes. |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by theenchanter: 12:03pm On Aug 07, 2020 |
Mcy56:hahaha..... Covid no reach my side o, though e reach one nearby hospital here. |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by Mcy56(f): 12:08pm On Aug 07, 2020 |
theenchanter:It won't reach our own side by the mercies of God. |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by theenchanter: 12:13pm On Aug 07, 2020 |
Mcy56:.... |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by Mcy56(f): 12:18pm On Aug 07, 2020 |
theenchanter:All shall surely be well by God's grace. |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by theenchanter: 12:19pm On Aug 07, 2020 |
Mcy56:thanks. |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by Mcy56(f): 12:22pm On Aug 07, 2020 |
theenchanter:..... 1 Like |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by theenchanter: 12:40pm On Aug 07, 2020 |
Mcy56:all is well, it is well with u..... So, hope u're coping sha? 2 Likes |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by Mcy56(f): 12:48pm On Aug 07, 2020 |
theenchanter:.... |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by theenchanter: 1:01pm On Aug 07, 2020 |
Mcy56:all will be fine. |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by Mcy56(f): 1:03pm On Aug 07, 2020 |
theenchanter:Amen. Thank you. I wish you all the best too. 1 Like |
Re: France Ractifies Law Ending Use Of CFA In West Africa. by Crayfish09: 2:11pm On Aug 07, 2020 |
panafrican: Thank God Nigeria is no longer going to accept the currency. |
(1) (Reply)
Trump Accuses Dominion Voting Systems Of Deleting His 2.7 Million Votes / US President Joe Biden Tightens Restrictions On Huawei And ZTE / Iran Rocket Launch Fails To Put Payload Into Orbit
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 21 |