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Africans! Another French Atrocity needs to be exposed: Now Listen.
CFA is the currency used by all French colonies in Africa. From Gabon, Niger, Mail, and some other 14 countries on the continent.
The CFA Franc is the common currency for 14 former African French colonies.
It was created by France in 1945. Two currency blocs with CFA currency were created: WAEMU for West Africa and CAEMC for Central Africa. You can't convert the West African CFA to the Central African CFA.
The CFA was pegged to the French Franc at a rate determined by France. The peg extends to the Euro. In essence, the CFA France is a French-issued currency pegged to the Euro at a rate fixed by France designed to be used in Africa by Africans. France guarantees conversion from your CFA to Euros.
Remember to keep a peg; you need reserves, so which funds are used to guarantee the peg? The African reserves, of course This is how it works: the West African nations that use CFA keep their deposits at the Central Bank of West African States (BCEAO), and the Central countries that use CFA keep their reserves at the Bank of Central African States (BEAC). Then, the BCEAO and BEAC must deposit 50% of their FX reserves in France.
I explain: when Niger and Gabon sell Gold and Crude oil, they deposit export proceeds into BCEAO and BEAC. Then, these central banks must maintain at minimum 50% of those export earnings $ in France.
France also demands that foreign exchange they hold in "trust" for the African States must exceed the money supply in the African nations by at least 20 times. Thus for Niger Republic to issue $1m in CFA equivalent bonds or debt to spend locally, they must have $20m in reserves in France, which begs the question, why should poor nations maintain a reserve in France and then get expensive loans from the West?
So France gets Gabon's oil sales, then sends Gabon a CFA paper to use as currency. The exchange rate is also set by France so that France can build a premium in that exchange rate. If you stretch this, it's France that is exporting, not Niger or Gabon. CRAZY! 1/2.
Thread.
THOUSANDS UPON THOUSANDS of Nigerien protesters have surrounded the French military base in Niamey, the nation’s capital, demanding that the French leave immediately. Remember that the new administration in the country had given French soldiers till today, September 3 to get out of the country, as should be. But rather than get out, they stayed put on the orders of Macron’s France.
I was careful to advise that we avoid using force but use civil action against not just the army but the stubborn French Ambassador who has refused to leave the country also, even after his visas was cancelled and he was stripped of all his diplomatic immunities - something that we haven’t seen happen anywhere before. And you would think that a body like ECOWAS and AU that say they’re seeking solution, would step in at this time and tell France that what they’re doing is very childish and unacceptable, but no! Everyone let’s France have its way with such gross violations of a sovereign nation’s territorial integrity. Macron, who obviously lives in the rusted, fading colonial past, keeps boasting that without France, Burkina Faso, Mali and Niger would be no more, and that France won’t just let go! Talk about being high on some cheap drugs from Nigeria’s OJUELEGBA.
Shortly after I got the intelligence on what they were planning to do - how they want to use that stubborn Itte guy (the Ambassador) as a set up to initiate military action in Niger, I made a post advising our people in Niger to go slow on physical altercation with these enemies of the African continent. I advised civil action on a scale that the country hasn’t seen before and I advised that it be sustained till they get out. In fact a comment under that post suggested loud music and noise around the occupied locations to smoke out the “stubborn flies.” And what I’m seeing today shows they heeded that advise. Im delighted. And guess what? Shortly after I made that tweet, France went on record to say that any attempt to endanger the life of their “stubborn” diplomat will be met with a strong French military response, in other words, the 1,500 French soldiers now illegally stationed in Niger will start a war in defense of France’s illegal diplomat with zero diplomatic immunity or coloration. What a time to be alive! I knew it and that’s why I warned. That has always been the plan, because they know what they’re doing doesn’t make any sense in the world. But we will still win this and win it big.
Now that our Nigerien people have started the protest action on ground in Niger, I’m urging all Africans on social media to channel their energies to ensuring Macron and his cronies don’t have any rest until they PACK and GO! That’s what the owners of the land are saying and that’s what has to happen. Niger belongs to Nigeriens, not France. Niger is on the continent of AFRICA, not Europe. Somebody please wake Macron up from this bad dream and whisper this into his ears: “Monsieur, le Niger est parti !” (Mister, Niger is gone!)
Those of you who know how to create trending hashtags, come up with them. Let’s start an online version of what our people are doing on site in Niger. It’s gonna be operation #OccupyFrenchEmbassy and operation #OccupyFrenchArmyBase or whatever you can come up with. I’ll help to promote it. Let’s see how Macron will deal with this army of angry and patriotic citizens of Niger who want their country back at all costs, from the stifling grip of generational colonial enslavement.
Viva Mother AFRICA!
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The wait is Over🌐
It’s time to dive into the Mobile Incentivized Testnet @overprotocol
Download, Explore, and Spread the Joy! #Airdrop https://t.co/PHzXf2ninr