Xisnin:

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.

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?

darkwan:


you biafrans sef with una twisted minds....

healthserve:



Like you're in my I.Q-Rank. I've stop dishing out private hard learned strategies.


Enjoy your ignorance

darkwan:


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....

sassysure:


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.

Blue3k2:


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

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?

healthserve:



Like you're in my I.Q-Rank. I've stop dishing out private hard learned strategies.


Enjoy your ignorance

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.

loswhite:
lol empty head.... They always think they know more than everyone else

Xisnin:

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.

SEGLIZ:

Naira isn't begged, it's an independent floating currency.
mind dollar is a universal measure of exchange rate.

SEGLIZ:

thanks for telling that man forming giant of knowledge whereas he knows next to nothing.

panafrican:
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.

healthserve:



Yawns. Try harder

Aladegba:

Wat of Cameroon

thatigboman:
people like u are a problem to the black man

darkwan:
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....

thatigboman:
people like u are a problem to the black man

GenBuhari:
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.

Sewgon79:


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 .

GenBuhari:
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.

healthserve:




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

darkwan:


when was i forming giant of knowledge....??

must you Igbos always insult to pass your message....??

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.

darkwan:
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....

darkwan:


their money is not in far away europe no more,soo how are they still controlin them....??

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.

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.

healthserve:



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