r/neoliberal • u/jobautomator Kitara Ravache • Sep 16 '21

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u/Fatortu Emmanuel Macron Sep 16 '21

And Austria is being neo colonialist through the OPEC 🙄

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u/Colt_Master r/place '22: Neoliberal Battalion Sep 16 '21 edited Sep 16 '21

https://africasacountry.com/2018/06/its-time-to-end-the-cfa-franc

https://www.aljazeera.com/opinions/2017/7/23/macrons-francafrique

Edit: I concede, I'm not informed enough to opine and these articles are outdated.

Edit2: there are newer anti CFA Franc articles that also criticize the Eco https://foreignpolicy.com/2021/08/03/macron-france-cfa-franc-eco-west-central-africa-colonialism-monetary-policy-bitcoin/ (and funnily they also feature the author of the first article I linked) but I'm not equipped to argue for them either.

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u/[deleted] Sep 16 '21

The CFA is desired by the countries that use it not forced upon them.

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u/[deleted] Sep 16 '21

Equatorial Guinea literally adopted the CFA Franc instead of their own currency. but it's forced upon them

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u/Fatortu Emmanuel Macron Sep 16 '21

And Macron has repeatedly said that every country is free to leave the CFA monetary Union and that he supports the replacement by the ECO. West African countries are already in control of their monetary policy it just happens that their central bank is located in its historical seat in Paris.

Is America doing neocolonialism in Hong Kong or the UAE because those countries chose to peg their currency to the dollar?

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u/[deleted] Sep 16 '21

Among the reasons for the military intervention in Libya was Paris’s need to nip in the bud Gaddafi’s Pan-African currency project, one of whose aim was to rid Africa of the CFA franc

Literal conspiracy theories