Niger’s military regime has hinted at the possibility of leaving the monetary currency (CFA franc), but why does Niger want to leave, and how will this decision affect France, their former colonial master?
Niger and other 13 countries in Africa uses the Franc (cfa) as currency
The origin of Niger’s use of the currency franc can be traced back to its colonial history. Niger was a French colony until it gained independence in 1960. As part of the French colonial empire, Niger adopted the CFA franc, which stands for “French Colonies of Africa.“ The CFA franc was initially introduced in 1945 to replace the French West African franc and became the common currency for several African countries.
it has also faced criticism and disadvantages. One significant concern is that the CFA franc is pegged to the euro, meaning its value is tied to the European currency. This arrangement has been criticized for limiting the monetary policy independence of member countries, as decisions regarding interest rates and currency valuation are made by the French Treasury.
#africanews #niger #france
1 view
5
2
3 months ago 00:19:37 1
Richard Medhurst on the Importance of Resisting Zionism [FULL SPEECH]
3 months ago 00:16:08 1
How The West Lost Africa | The Untold Truth
3 months ago 00:13:27 1
Richard Medhurst Destroys Zionism in its Birthplace Vienna [Full Speech]
3 months ago 00:06:04 1
Niger’s Prime Minister Ali Mahaman Reveals Why U.S Troops Got Kicked Out Of The Country
4 months ago 06:33:34 1
[ DPA Open Mic 77 ] US’s Africa Headache; Yemen going for round 4; Ukraine still getting pushed back
4 months ago 00:22:22 1
Iran & Russian Forces Just Entered Niger to Kicking West’s Troops Out!
4 months ago 00:22:07 1
Putin Just Deployed Russian Troops & Air Defence Systems To Niger
4 months ago 00:15:56 1
AFRICA Why United States Europe Policy Wrong On Africa Engagement With China And Russia. AFCFTA
5 months ago 00:08:34 1
Senegal’s New President Joins Forces With Ibrahim Traore Against The West...
5 months ago 00:08:43 1
Putin just scored a KNOCKOUT blow to NATO and they’re getting desperate
5 months ago 00:22:41 1
The Invasion of Gaza’s Resources Begins: Jared Kushner, the EU, Egypt & US
5 months ago 00:09:15 1
Why Niger Has “Kicked Out“ the US Military
5 months ago 00:08:04 1
US Envoy Threaten To Attack Niger - Draws Red Line
5 months ago 00:09:25 1
Burkina Faso’s Military Just Caught Western Spies Working With T***rrorists
5 months ago 00:08:55 1
Niger’s Message to the West: Why It’s Rejecting US Military?