As the battle to end the FCFA, the Slave Currency, intensifies, I have decided to share with you this video about it. It tells it all, the mathematics of it in a short time. This has to stop. We, Africans, deserve to be independent, and independence starts with the ability to define how to use our money.
To summarize, the FCFA is the colonial tax paid by African countries to France since their independence. As Mawuna R. Koutonin says it, “African leaders who refuse are killed or victim of a coup. Those who obey are supported and rewarded by France with lavish lifestyle while their people endure extreme poverty, and desperation. It’s such an evil system even denounced by the European Union, but France is not ready to move from that colonial system which puts about 500 billions dollars from Africa to its treasury year in year out.” No wonder the French people are always on strike, requesting shorter times of work (32 h vs 35 h vs 37h per week): because Africans are slaving for them, and every year they get 500 billion dollars without even having raised a finger!
African Heritage 
That is shameful what France did by incorporating that currency. However, did you hear that multiple West African nations are replacing that money with their own currency called Eco? This is huge news and I hope they do well with having their own money without the colonizing ties.
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Yes… I heard about the ECO; I applaud it. However, I am skeptical about it, because several of France’s puppets are involved, but I will wait and see.
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Definitely. The concept of ECO is very intriguing. I wasn’t aware of any French (puppet) involvement, so I do apologize. I do hope it’s a success though.
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Oh it’s okay… I have been talking to one of Africa’s greatest economists, and he was telling me about his skepticism, and the fact that normally, this should have been a common currency including Central Africa and other parts of Africa… as well, not just West Africa; it was meant for the entire continent. This was the plan lined up by Kwame Nkrumah, and more recently and more concretely by Muammar Kadhafi who worked tirelessly to see this common African currency.
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Thanks. I’m certainly still learning and economics isn’t my strongest point to be honest with you. That’s a good point as to why it’s just limited to West Africa and not a continent-wide kind of currency. I was wondering if the Kadhafi comparison was going to show up since I did hear about him trying to do a African-wide currency that was based on the gold standard. That was the first thing that came to mind when I heard about ECO for the first time. Money that’s connected by different countries with a non-parasitic central bank would be awesome if done right.
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Yes… it would be awesome! Let’s wait and see!
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Yeah, I hope nothing but the best for the new ECO currency especially if it is made for the right reasons.
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