Financial Enslavement of West Africans By France

By Antoine Roger Lokongo, Pambazuka News. Francophone Africans from 14 countries deposit 65 percent of their hard currencies yearly into the French Treasury, without French nationality or access to the public goods and services available to French taxpayers. Close to 1,500 billion CFA (Communauté Financière d’Afrique common currency) francs generated from the surplus of West African states’ foreign reserves are placed on the foreign stock markets and out of the reach of the Africans who own the money. In addition the French force money payments, like an Ivory Coast compensation for the recent war.

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