The CFA and How Developing Countries Get Scammed

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19 July 2022

The CFA and How Developing Countries Get Scammed - E62

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Description

This episode I complete the discussion of the CFA and how France uses it to control the monetary policies of the fourteen member countries. This include devaluation of the CFA (multiple times) as well as policies used to tilt import/exports into the favor of France.

News and Links

https://www.nytimes.com/1994/02/23/world/french-devaluation-of-african-currency-brings-wide-unrest.html

https://en.wikipedia.org/wiki/CFA_franc

https://www.dw.com/en/africa-and-france-an-unfulfilled-dream-of-independence/a-54418511

https://www.investopedia.com/articles/forex/061015/top-exchange-rates-pegged-us-dollar.asp

https://en.wikipedia.org/wiki/International_status_and_usage_of_the_euro#Pegged_currencies

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Website

https://gen-btc.com

Music Credits

Rock Guitar Intro 07 by TaigaSoundProd

Link: https://filmmusic.io/song/8342-rock-guitar-intro-07

License: https://filmmusic.io/standard-license

Funky Life by WinnieTheMoog

Link: https://filmmusic.io/song/6040-funky-life

License: https://filmmusic.io/standard-license