“ In December 2019, eight West African countries announced plans to replace the CFA franc with a new currency called the "Eco." While delayed for various reasons, this transition represents a shift from French monetary influence.”
It is Ecowas plan that represents a shift from France influence. The December 2019 operation was actually a manipulation to circumvent Ecowas vision
Well, Malik, this is an ode to the CFA. Sovereignty over stability, really? With CFA, none of these 8 countries have either sovereignty or stability. Especially not the immense majority of our peoples
Well, there's political sovereignty and then there's economic sovereignty. Some of the same Africans denigrating the CFA Zone are also the same ones uprooting themselves from their own countries to make due as economic migrants in places like Senegal and the Ivory Coast.
Makes you wonder more about this elusive idea of 'sovereignty' that you're referring to..
At its core, currency is simply a medium of exchange - a tool we use to trade goods and services. Think about Habibatou's 500 CFA franc note: it's just paper, but it represents value that both buyer and seller agree upon. This shared agreement on value is what makes currency work”
Who are the purported readers? I believe those who read this voluntarily know what currency is. No?
“ In December 2019, eight West African countries announced plans to replace the CFA franc with a new currency called the "Eco." While delayed for various reasons, this transition represents a shift from French monetary influence.”
It is Ecowas plan that represents a shift from France influence. The December 2019 operation was actually a manipulation to circumvent Ecowas vision
“ As I have previously discussed, the stock market is the best wealth-builder in the world. Africa isn’t an exception. ”
African should, MUST, find other ways to build wealth, than the Keynesian-inspired economy
Okay, what other ways of building wealth do you propose?
If you don't have any viable alternatives then what should people do in the meantime while inflation is eating away their savings?
Well, Malik, this is an ode to the CFA. Sovereignty over stability, really? With CFA, none of these 8 countries have either sovereignty or stability. Especially not the immense majority of our peoples
I wouldn’t say it’s an ode to the CFA😂. But what you say is true.
Well, there's political sovereignty and then there's economic sovereignty. Some of the same Africans denigrating the CFA Zone are also the same ones uprooting themselves from their own countries to make due as economic migrants in places like Senegal and the Ivory Coast.
Makes you wonder more about this elusive idea of 'sovereignty' that you're referring to..
“What is Currency?
At its core, currency is simply a medium of exchange - a tool we use to trade goods and services. Think about Habibatou's 500 CFA franc note: it's just paper, but it represents value that both buyer and seller agree upon. This shared agreement on value is what makes currency work”
Who are the purported readers? I believe those who read this voluntarily know what currency is. No?
It’s always good to have a reminder