by Tracy
Fourteen nations listed below are in agreement to deposit 65 percent of all foreign currency reserves in a shared reserve fund to France. The countries established the Monetary and Economic Union of West Africa. Their currency, the CFA-Franc, is printed under supervision of the French National Bank in Chamaliéres, France.
Christof Lehmann wrote for nsnbc.me in 2012, “France is indebting and enslaving Africans by means of Africa’s own wealth; for example: 12.0000 billion invested at three percent creates 360 billion in interests which France grants as credits to Africa at an interest rate of five to six percent or more. The allegory of ‘Bleeding Africa and Feeding France’ is no exaggeration, not alarmist, and not revolutionary.”
All numbers below according to the World Bank.
Congo-Brazzaville/Republic of the Congo/Congo
Approximate foreign currency reserves including gold in 2012: $5.55 billion
Ivory Coast/Côte d’Ivoire
Approximate foreign currency reserves including gold in 2012: $4.24 billion
Mali
Approximate foreign currency reserves including gold in 2013: $1.31 billion
Gabon
Approximate foreign currency reserves including gold in 2012: $2.35 billion
Equatorial Guinea
Approximate foreign currency reserves including gold in 2012: $4.4 billion
Chad
Approximate foreign currency reserves including gold in 2012: $1.16 billion
Central African Republic
Approximate foreign currency reserves including gold in 2012: $0.16 billion
Senegal
Approximate foreign currency reserves including gold in 2012: $2.25 billion
Burkina Faso
Approximate foreign currency reserves including gold in 2012: $0.63 billion
Niger
Approximate foreign currency reserves including gold in 2012: $1.17 billion
Togo
Approximate foreign currency reserves including gold in 2012: $0.51 billion
Benin
Approximate foreign currency reserves including gold in 2012: $0.69 billion
Cameroon
Approximate foreign currency reserves including gold in 2012: $3.38 billion
Guinea-Bissau
Approximate foreign currency reserves including gold in 2012: $0.19 billion
1 comment
This is another form of slavery! What a pity. I bet the African countries involved are ignorant.