Discover and read the best of Twitter Threads about #Franc
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A video is circulating showing the Italian PM criticize the #CFA franc in very harsh terms. Wow! Has the Far Right suddenly become “anti-imperialist”? Does this criticism make the Far Right an ally for our long time struggles? Below our take with @fpigeaud
Every time the Italian government has been lectured by its French counterpart, especially on migration, raising the CFA franc has been a convenient way for Rome to “retaliate”. This was already the case on January 2019. nytimes.com/2019/01/22/wor…
[Thread] Many people say that #France does “no longer” need #Africa. Their argument: France’s declining trade share in the continent, and esp. with the 14 countries still using a colonial currency controlled by the French Treasury, the #CFA #franc.
They stress in particular that Africa represents around 5% of French global trade. So, for them, this is evidence that any claim of French dependence on Africa or #neocolonialism is an exaggeration.
Their argument has a name: the “small ratio argument” (SRA). It was used by those who denied the tremendous economic impact of the slave trade on the economic development of the West. It is now used by the cheerleaders of French #neocolonialism.
My current #Working #Research #Topic: "A Review of the #CommonMonetaryArea of #SouthernAfrica: Are Client Countries Better-off De-Linking from the #Anchor #Economy?". I'm using #OptimumCurrencyArea #OCA #Theory to analyse the #CMA arrangement. Draft will be ready January end..!
The #CommonMonetaryArea of #SouthernAfrica or #CMA could seem to some (mostly the technically inclined) to be a no-brainer & a clear natural #OptimumCurrencyArea given the historical links between the #anchor #SouthAfrica & the #clients (#Lesotho #Eswatini & #Namibia)...
Be that as it may, 2020 marks 46 years since the #RandMonetaryArea - #RMA agreement and 34 years since the RMA was revised to establish the #CommonMonetaryArea - #CMA between #SouthAfrica, #Lesotho, Swaziland (now, #Eswatini) and #Namibia...
