STOP France's Domination Of Africa - End the CFA Franc - End Francafrique

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We Demand:

  • An End to France's continuous intervention and domination of African Affairs
  • An End to the use of the Franc CFA in 14 African Countries
  • An effective End to Francafrique - France's neocolonial domination of its former empire in Africa.
  • An End to Neocolonialism
  • End of modern day enslavement

Our forefathers fought and died to liberate our continent from the colonial powers, who had carried out the worst form of acculturation in Africa. Many of the colonial powers left Africa during the wave of independence in the 1950s and 1960s, leaving behind arbitrary borders, weak administrative structures and a pronounced bias, which persists today in many countries, towards western languages and culture over our local languages, cultures and traditions.

For the French, the damage was not enough. They also left behind something more sinister and tangible in the shape of the CFA franc -  a colonial currency currently used by 14 African countries, which coincidentally happen to be among the poorest in the continent and in the world.

Given that France's Treasury backs the CFA franc they do everything to discourage any external or domestic challenges to their primacy. As such France has orchestrated coups and interventions in Africa, leaving behind a long list of Francophone African leaders who tried — and failed — to defy or reduce French authority.

As a consequence, France has kept unusually close ties with its former colonies in Africa, ruthlessly guarding its interests there through cultural and economic power, covert action and dozens of military interventions. As a matter of fact, France has intervened in sub-Saharan Africa on five different occasions within the past 10 years. Most recently, France launched Operation Barkhane, an ongoing counterterrorism initiative spanning five countries in Africa's Sahel region and involving more than 3,000 military personnel. It, therefore, seems that France's military role in Africa will continue UNLESS WE DO SOMETHING NOW!

The reason for the endemic poverty is because of soaring inflation, liquidity crisis and astronomical cost of imports. Let us remember that in 1994, when France devalued the CFA franc by 50%, it led to a sharp increase in the cost of living. At the time, only Dakar in Senegal openly protested against it.

This time, we all need to join our voices and tell France, WE HAVE HAD ENOUGH!

Here are some of the reasons:

There are four fundamental principles guiding France’s relationship with the CFA countries. These are captured succinctly by Pierre Canac and Rogelio Garcia-Contreras in an article in the Journal of Asian and African Studies (February 2011).

1. The French Treasury guarantees without limits, the convertibility of the two CFA francs.

2. The two CFA francs are convertible at a fixed exchange into French francs [now euros],”. So France abandoned the French Francs but we are stuck with the CFA Franc. Also, the fixed exchange rate can change, but only when France approves.

3. Despite plenty of restrictions, there are no de jure controls on the movements of capital within the [CFA] zone.”

4. The CFA zone members must “pool together a minimum of 65% of their international reserves, corresponding to 20% of the monetary base of each central bank, into an operations account at the French Treasury”.

Former French President Francois Mitterrand once declared that Africa is France's future in the 21st century. In the same light, successive French presidents have declared an end to Francafrique, but none has done so. Emmanuel Macron should, therefore, be called upon to end this NOW!

HOW DO WE CONSIDER OURSELVES TO BE INDEPENDENT WHEN ONE COUNTRY CONTROLS 65% OF OUR INTERNATIONAL RESERVES?

This has to STOP! It has to STOP NOW!

This is the first step - SIGN THIS PETITION.

 

 

 

 

 

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