Former French colonies have to deposit 50% of their foreign exchange reserves at the Bank of France.
They can only access 15% of the money in any given year. If they need more than that, they have to borrow their own money from France at a fee.
They can only access 15% of the money in any given year. If they need more than that, they have to borrow their own money from France at a fee.
“We have to be honest, and acknowledge that a big part of the money in our banks come precisely from the exploitation of the African continent.”
“Without Africa, France will slide down into the rank of a 3rd world power”
Former French President Jacques Chirac .
“Without Africa, France will slide down into the rank of a 3rd world power”
Former French President Jacques Chirac .
“Without Africa, France will have no history in the 21st century” -- Former French President François Mitterand.
When Sékou Touré of Guinea decided in 1958 to get out of french colonial empire, and opted for the country independence, the french colonial elite in Paris got so furious, the french administration in Guinea destroyed everything in the country...
3000 French left the country, taking all their property & destroying anything which couldn't be moved: schools,buildings, cars, medicine, research institute instruments, tractors crushed and sabotaged; cows in the farms were killed, food in warehouses were burned/poisoned...
The purpose of this outrageous act was to send a clear message to all other colonies that the consequences for rejecting France would be very high
fear spread trough the African elite, & none after the Guinea events ever found the courage to follow the example of Sékou Touré...
fear spread trough the African elite, & none after the Guinea events ever found the courage to follow the example of Sékou Touré...
Cont...
In this thread, EFF's Julius Malema - "France is still getting colonial tax from African states and we must accept that. We want African to have control over their currency and their economy. Our struggle will inspire that."
Article from Global Research: France’s Colonial Tax Still Enforced for Africa. “Bleeding Africa and Feeding France” globalresearch.ca/frances-coloni…
Africa Pays 400 Billion Euros Per Year to France!! howafrica.com/scandal-accord…
14 African Nations Being Forced By France to Pay Taxes for the ‘Benefits’ of Colonialism
$20 billion in African money held in trust by the French government and earning just 0.75 percent interest...politicians from 14 African countries say they want their funds returned & an arrangement dating back to the days of France’s colonial empire ended bloomberg.com/news/articles/…
How France loots its former colonies thisisafrica.me/france-loots-f…
Professor Mamadou Koulibaly, Speaker of the Ivorian National Assembly and Professor of Economics, sheds light on the economic devastation caused to the African member states of the CFA leo-kanisani.blogspot.ug/2011/01/servit…
Former French President Jacques Chirac talking about how France exploits Africa in an Interview
😩😩😩😩😩 The French African Connection
aljazeera.com/programmes/spe…
aljazeera.com/programmes/spe…
