NoCFA ButAfroCurrency 0

Kick CFA out of Africa!!

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This is privileged information. The member countries of the CFA-Franc-Zone will soon be brooding over “black thoughts.” except for last-minute reorganization, in forty days exactly, that is, on January 1, 2012, the CFA Franc will be devaluated, once again. The CFA, which is currently pegged to the euro at the exchange rate of 1 euro for 655.59 CFA, will soon fall at the rate of 1,000.00 CFA for 1 euro. According to a European diplomat, French president Nicolas Sarkozy has charged Alassane Dramane Ouatara with bringing the news to his peers of the WEAMU (West African Economic and Monetary Union); which explains Ouattara’s last week’s grand West African tourThe decision to devaluate the CFA is a consequence of the crisis in the Euro-Zone, which has for the most part been carried by Germany. Our source indicates that Merkel has stressed to Sarkozy the importance of putting some budgetary order in France’s ex-colonies before it is too late. However, it is clear that this measure is less intended to shelter the economies of the CFA-Zone than to save the Euro-Zone by preventing a further crash of France’s economy, as the burden of saving the euro becomes too much for Germany to bear. How would CFA devaluation really help France?

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