97 - The Death of Françafrique: Africa's Rebalancing Act
The Red Line
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Introduction
The CFA represents both the West African Franc and the Central African Franc. It's a currency that was forced upon most of these countries in 1945, as colonialism began to fracture. The concept behind this currency policy is that the central bank in Paris will hold them to 50% of these countries' money,. With another 20% held in French bank for liabilities. This is the wealth of these African states, but instead of sitting in their country, it's sitting in French vaults. But with its wide use, outside states are actually more likely to buy it as well.
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