West African CFA-Franc nations to withdraw CFA reserves from France
West African CFA-Franc nations "demands its money from France".
The West African Monetary Union wants to end the decade old French Colonial model whereby their foreign-exchange accumulation is kept at the French Treasury. Over $500 Billion leaves Francophone Africa for France annually.
Benin’s President, "Patrice Talon", has made the first move demanding an end to the decade old "French colonial" arrangement. He has ordered that his country’s foreign currency reserves that are currently deposited in "French Central Bank" be immediately withdrawn.
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