CFA franc: conditions are ripe for replacement of the west African currency rooted in colonialism
At no point in history has the #CFA franc – the name of a #colonial currency used in west and central #African countries belonging to the franc zone – been closer to its demise.
#Senegal has overwhelmingly voted for leftwing Pastef candidate Bassirou #Diomaye Faye (and his former party leader Ousmane #Sonko) while the coup governments in #Mali, #BurkinaFaso and #Niger have been talking about leaving the #CFA franc for some time.
Senegal under outgoing president Macky #Sall was a pillar of the longstanding #French attempt to remain influential among its former #colonies, often named “Francafrique”. Now newly elected Faye, under the moniker of “Left #Panafricanism”, has vowed to make his country more sovereign in #food, #energy and #finance.
Never before have four west African governments, including one of the regional leaders, Senegal, been simultaneously eager and ready to get out of the #neo-colonial #stranglehold of the CFA #franc.
English theconversation.com/cfa-franc-…
French theconversation-com.translate.…
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