Home » World » France’s Exploitation of African Countries: The CFA Franc and Endless Poverty

France’s Exploitation of African Countries: The CFA Franc and Endless Poverty

“Thanong Khanthong” points out that France uses money. “CFA franc” in controlling colonial countries in Africa to reap benefits like colonial times making those countries endlessly poor Keep an eye out if you continue to take advantage. There will be more “Niger” coups.

On August 15, 2023, Mr. Thanong Khanthong, foreign news expert Participated in the program “Khon Kaw Khao” broadcasted on satellite television station “News One” on the topic of “France controls and exploits 14 African countries. Like the colonial era.”

by Mr. Thanong said during a period that the CFA franc It is the currency issued by France to colonial countries in West and Central Africa. Because after the colonial era, these countries had to be released to gain independence. But still want to control these countries because there are abundant natural resources there is cheap labor A monetary control system, including the issuance of money, was conceived. Put simply, the CFA franc is the great chain that shackles West and Central Africa. to be drowned in poverty How much wealth can be created, must be sent to France to use

In the past, other great powers like China and Russia were still weak. after World War II The countries that control the world are America and England. From the 1960s onwards, France intervened 40 times in colonial countries to suppress the rebellion to continue to use the CFA franc. which is the shape of the French franc itself. to formulate all policies both economically and financially of this colonial country

Major West Africa and Central Africa 100% of the international reserves must be remitted to the French Ministry of Finance. After that, it was reduced to 50%, but it was still too much.

Even worse, from 1945 until the introduction of the euro in 1999, the French Ministry of Finance devalued the CFA franc against the French franc by 99.9%, reducing the purchasing power of the people of the United States. Africans have disappeared twice as much. France has the right to buy things in Africa. It’s called robbery in the sun. making those countries even more poor

If Africa really wants to liberate, it must pull out financial management power. The issuance of money is with the government itself. without foreign influence Have to see if France will release it or not. If not released, there will be more coups in colonial countries like Niger.

#France #controls #African #countries #colonial #era
2023-08-15 17:04:00

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