Macron’s 2019 CFA reform was limited and prepared in secrecy

Evidence

Three changes are expected: the BCEAO will no longer be obliged to deposit 50 per cent of its foreign exchange reserves with the French Treasury, which will de facto lead to the closure of its operations account; there should no longer be any representatives of the French state on BCEAO bodies; and finally, the WAEMU CFA franc should be renamed the ‘eco’. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 373 (#qualifies, via linked claim)

Categorization

• XREF: connects to: The 2019 Macron reform makes three changes to the WAEMU CFA system — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 373; The 2019 reform preserved French monetary control behind cosmetic changes

Related

• The 2019 Macron reform makes three changes to the WAEMU CFA system (similarity 0.94)
• The 2019 reform preserved French monetary control behind cosmetic changes (similarity 0.93)
• France rebranded the CFA franc to undermine ECOWAS monetary integration (similarity 0.82)
• The proposed eco currency is the CFA franc under another name. (similarity 0.81)
• Macron and Ouattara hijacked the ECOWAS ‘eco’ currency name (similarity 0.80)
• France only concedes monetary reform when African pressure threatens its position (similarity 0.78)
• The CFA central banks violate their own strict controls when serving French interests. (similarity 0.78)

Broader Connections

• The 2019 Macron reform makes three changes to the WAEMU CFA system #qualifies (0.70) — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 373
• The 2019 reform preserved French monetary control behind cosmetic changes #expands (0.60)