S7 E10: The Extracted
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CFA Franc's Colonial Legacy
- Several West and Central African countries use the CFA franc, a currency tied to the euro and controlled by France.
- This limits their economic independence and is seen as a lingering symbol of colonialism.
- Critics argue this system hinders economic growth and perpetuates poverty, as these countries lack control over monetary policy.
- The CFA franc's origins are linked to compensating French slave traders after abolition, further highlighting its problematic history.
- Some African leaders are debating decoupling from the CFA franc to gain economic sovereignty.
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