🧵 CFA Franc
Anonymous at Fri, 5 Apr 2024 15:51:13 UTC No. 16113807
Could someone explain to me how this works?
https://x.com/EvaVlaar/status/15939
https://youtu.be/_-u1Pjce4Lg?featur
https://youtu.be/36vYRkVYeVw?featur
https://youtu.be/0ArGU027WvM?featur
https://youtu.be/q-C8ogD6E8c?featur
Anonymous at Fri, 5 Apr 2024 16:03:41 UTC No. 16113817
>>16113807
Its nonsense. the CFA franc is the most obviously good feature of french colonialism. It only gets demonized because its very visibly in your face and because colonialism=bad.
No one has shown that the CFA does any actual damage. The criticisms are always about how it constrains africoons of some freedoms to do dumb shit like print infinite amounts of money.
French colonialism is bad because its sucks out physical capital out of Africa, not because of the CFA.
Anonymous at Fri, 5 Apr 2024 16:05:58 UTC No. 16113819
>>16113807
everybody in there for those sweet resources
Anonymous at Fri, 5 Apr 2024 16:06:50 UTC No. 16113820
>>16113819
How old is this? China's presence in Africa now dominates.
Anonymous at Fri, 5 Apr 2024 16:29:01 UTC No. 16113862
>>16113807
OP when Africans run their own banks you get Zimbabwe inflation