BabaRamota1980:


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.

haha....
chai....

i don suffer....

they dont have to keep their money in france no more....

that is good news....

BabaRamota1980:


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.

be careful,bros....the darkside will demand much more from you when you wrong....

you think like a biafran....
soo,am not wrong to call you that....

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.

The combined GDP of the 150m CFA countries $235b. That is barely 10% of the size of France's GDP. How exactly is France dependent on them?

let me go piss off the kenyans,joor....

healthserve:



Called bvsy. Younger generation. Smh

Other than trying to belittle his point, you did not say anything of substance. You are fully aware that being pegged to the euro is not exactly a bad thing. It is better to be pegged to a more responsible monetary authority, as the idea is to guaranty a safe space for FDI (as is the case for CIV etc).
Strong growth and low inflation being quite attractive for long-term investor interest.
What is of note is that they get to untangle themselves from the obligation of dropping half their foreign assets with the French treasury.

The ECB sets monetary policy for the euro not France. With regards the CFA countries, yes there might be a bit of an issue when it comes to full independence....But these are countries with limited forex earning power.. Do you expect full independent policy. ?What would they use to back their heavy import dependent economies ? There has to be a balance btwn dealing with the present reality as well as building a more self-reliant future where primary commodities and finished goods importation isn't a fixture.

grandstar:


The combined GDP of the 150m CFA countries $235b. That is barely 10% of the size of France's GDP. How exactly is France dependent on them?

Lol he's overating their importance in the French economy. You can just glance at France's imports and exports to these former colonies for proof. If they really want be free reject their foreign aid stand on your own. They're not ready to take action on that yet.

1st pic: export
2nd pic: imports

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,

grandstar:


The combined GDP of the 150m CFA countries $235b. That is barely 10% of the size of France's GDP. How exactly is France dependent on them?

Give us a list of all French speaking countries in the world, minus their African dependencies. List only where French is official language.

Out of about twenty or so only six are outside Africa.

Canada
Luxembourg
Switzerland
Belgium
Haiti
Monaco

When have you seen Renault or Peugeot on the streets in Canada or Monaco?

Monaco's principal economy is tourism, nothing else. So is Luxembourg.

Beside cars what else does France have? Chocolate. Cocoa does not grow in Europe. Coffee does not grow in Europe. Tobacco does not grow in Europe. There is no gold, diamond, titanium in Europe.

What can France be without its tie to Africa? It will become an orphan, and become wretched.

So the principal income earner for France are Francophones in Africa. Automobiles, processed food beverage, cigarrettes, wine, weapons....and so on.

Canada, Luxembourg, Monaco, Switzerland, Belgium....France brings in more revenue from Niger alone thant it does from the combination of these five.

Any country looking for nuclear technology go through France to access the resource in Niger.

So think about what i said earlier.

Blue3k2:
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.

Let's start expecting double digits inflation anytime soon.

Allassane Ouattara is a Trojan horse the French are using to subdue the financial power of all Ecowas countries through the new currency called Eco.
It is more beneficial to France and the E.U
than CFA Franc.

If ending CFA Franc were not serving France ' s interests Macron would not be spending Christmas
2019 in Cote d' Ivoire or holding a joint press conference with Ouattara in Abidjan,, you would have seen French soldiers patrolling the city of Abidjan after a French backed military coup there.

grandstar:


The combined GDP of the 150m CFA countries $235b. That is barely 10% of the size of France's GDP. How exactly is France dependent on them?

The real question is Why did France work so hard since 1945 to impose CFA Franc to its colonies and have the French treasury dictate the exchange rate of that currency ?

Blue3k2 , why do they have to keep half of their reserves with France ?

Blue3k2:


Lol he's overating their importance in the French economy. You can just glance at France's imports and exports to these former colonies for proof. If they really want be free reject their foreign aid stand on your own. They're not ready to take action on that yet.

1st pic: export
2nd pic: imports

Funny enough , when these African countries were just tiny villages in the past , France was already a rich and powerful country.lool

urahara:
Blue3k2 , why do they have to keep half of their reserves with France ?

Required for them to get support or french treasury. The other reason in my opinion was for France to borrow against. Central banks use fractional reserves banking afterall.

BabaRamota1980:


Give us a list of all French speaking countries in the world, minus their African dependencies. List only where French is official language.

Out of about twenty or so only six are outside Africa.

Canada
Luxembourg
Switzerland
Belgium
Haiti
Monaco

When have you seen Renault or Peugeot on the streets in Canada or Monaco?

Monaco's principal economy is tourism, nothing else. So is Luxembourg.

Beside cars what else does France have? Chocolate. Cocoa does not grow in Europe. Coffee does not grow in Europe. Tobacco does not grow in Europe. There is no gold, diamond, titanium in Europe.

What can France be without its tie to Africa? It will become an orphan, and become wretched.

So the principal income earner for France are Francophones in Africa. Automobiles, processed food beverage, cigarrettes, wine, weapons....and so on.

Canada, Luxembourg, Monaco, Switzerland, Belgium....France brings in more revenue from Niger alone thant it does from the combination of these five.

Any country looking for nuclear technology go through France to access the resource in Niger.

So think about what i said earlier.

Lol your arguement is wrong. France's exports are based on secondary products they manufacture. They not like these 3rd world countries dependent on raw resources they hardly commands premium. You're arguement is crazy as saying Japan will collapse without Africa. You're pretending all trade in these commodities will stop.

Even ur baseless assertion about countries needing France and Niger for uranium is laughable. Canada and Australia both export more than them.

What can France be without its tie to Africa?.

A first world industrialized economy with power nuclear armed millitary.

Beside cars what else does France have?

Compared to these dirt poor countries plenty. Check their top exports.

panafrican:

The real question is Why did France work so hard since 1945 to impose CFA Franc to its colonies and have the French treasury dictate the exchange rate if that currency ?

I will like to know too.

It's said that UK is neo colonialising us still but what France does to these west African countries is colonialism and slavery. They literally live at the mercy of France.
Useless country.

UK is going, Poland is following them. They will scatter once UK pull out. Now, these colonies are putting their acts together, let's see how far France can go.

I admire your intelligence

healthserve:
Why do we have to peg it to the Euro. Francophone sha and the idocy of 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.

darkwan:


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....

Naira isn't pegged to the dollar.
Never contribute out of ignorance.

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.

/
Peg it to gold.

/

healthserve:
Why do we have to peg it to the Euro. Francophone sha and the idocy of 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.

You are right,
Even me that has zero knowledge of economics, I know it's a stupid decision to the the eco to euro, but anyways goodluck to them.

The comments am seeing here, I don't know if persons are talking from experience or just want to talk. All I see it's people's thinking far from what is up there.

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.

France isn't against secession that is why it supplied Biafra with arms during the civil war.
It is only against instability in its sphere of influence.

Xisnin:

Naira isn't pegged to the dollar.
Never contribute out of ignorance.

then,why does everybody shakes when the price increase in naira....??

it is pegged somehow....

darkwan:


then,why does everybody shakes when the price increase in naira....??

it is pegged somehow....

It is not pegged.
Pegging a currency has a specific meaning in Economics.
You don't get to change it any way you like.

Some people shake because we are an import-dependent economy.

If Naira is pegged to the dollar so is the pounds and Euro and even the dollar itself.

Richdad50:
I admire your intelligence

I Remain Humble Boss

Buhari, please try to pay us wey be Christians our salary so that we can enjoy Christmas with our loved ones.

This is why USA enlisted us in religious sanction list!!!

One shackle removed to be replaced by a bigger shackle, Black man dey suffer.

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.

Good points. You can ignore that chap. He doesn't have a clue.

Please what will be the value of the west Africa Eco

Will it be equal to euros
Just curious

healthserve:
Why do we have to peg it to the Euro. Francophone sha and the idocy of 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.

In case u haven't realised Europeans and white nations still have African nations enslaved.

Independence was given in name only but today all African governments are under control of white supremacist nations.

Why do you think $20bn missing from our treasury, $60bn back taxes from oil white nation's oil companies, $1trn Malabu oil block, not to mention countless trillions of dollars of looted funds , that belong to Nigeria is in the hands of these white supremacist countries, yet we are forced to taking IMF loans from the same white supremacist just to fund our national budget? Using upto 25% of the budget in servicing this illegal "debt"

.

GenBuhari:

In case u haven't realised Europeans and white nations still have African nations enslaved.

Independence was given in name only but today all African governments are under control of white supremacist nations.

Why do you think $20bn missing from our treasury, $60bn back taxes from oil white nation's oil companies, $1trn Malabu oil block, not to mention countless trillions of dollars of looted funds , that belong to Nigeria is in the hands of these white supremacist countries, yet we are forced to taking IMF loans from the same white supremacist just to fund our national budget?

What a moniker. Bye.