The Colonial Pact: Unbelievable! Did you know how much money France robs Africa every year? - SEYTOO.COM
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The Colonial Pact: Unbelievable! Did you know how much money France robs Africa every year?

Updated on May 13, 2021, New African
The Colonial Pact: Unbelievable! Did you know how much money France robs Africa every year?

It is the Colonial Pact that set up the common currency for the Francophone countries, the CFA franc, which demands that each of the 14 CFA member countries must deposit 65% (plus another 20% for financial liabilities, making the dizzying total of 85%) of their foreign exchange reserves in an “Operations Account” at the French Treasury in Paris.

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