![]() ![]() ![]() And even in member states the agitation is rising for the overthrow of this loathed colonial arrangement.įrance, having honed the Machiavellian rules of her ‘assimilation’ policy, has offered to do away with UEMOA having to bank half of her aggregate national fortunes in the French treasury. ![]() Though France, through tighter monetary policies than it could apply to its own economy had made the CFA zone the most stable in the world, with single digit inflation rates for decades, few other nations are tempted by that. Through the twin instruments of foreign reserves requirement and representation of France in the management of the central bank of the UEMOA zone, the members of the zone surrendered the management of their monetary policy to France. The arrangement pegged the CFA to the French Franc and, thereafter, to the euro at a fixed exchange rate guaranteed by the Banque de France (French central bank) for a stable system of convertibility. Are you a Man 40 yrs and above? Do not miss the Vital Information, it goes off in 2 days! CLICH HERE to READ.
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