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54 sats \ 2 replies \ @SatsMate 15 Jun 2024 \ parent \ on: Don’t Tell the French — But They’re Americans Now news
How can they unwind from this currency control? Can they pivot by just creating their own central bank?
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21 sats \ 1 reply \ @siggy47 OP 15 Jun 2024
They could, but it might lead to war and other violence. I think a lot of African government officials profit from the CFA too. It's an entrenched, corrupt bureaucracy
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54 sats \ 0 replies \ @398ja 16 Jun 2024
That's very true, and it's precisely because of the endemic corruption that you don't want them anywhere near the money printer. I'm sure they understand it, as well as they know that the relative stability of the CFA contributes to maintain them in power.
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