How France Loots 14 Former Colonies In Africa
Just before France conceded to African demands for independence in the 1960s, it carefully organised its former
colonies (CFA countries) in a system of “compulsory solidarity” which consisted of obliging the 14African states to put 65%
of their foreign currency reserves into the French Treasury, plus another 20% for financial liabilities. This means these 14
African countries only ever have access to 15% of their own money! If they need more they have to borrow their own money
from the French at commercial rates! And this has been the case since the 1960s.
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