This episode I complete the discussion of the CFA and how France uses it to control the monetary policies of the fourteen member countries. This include devaluation of the CFA (multiple times) as well as policies used to tilt import/exports into the favor of France.

News and Links

https://www.nytimes.com/1994/02/23/world/french-devaluation-of-african-currency-brings-wide-unrest.html

https://en.wikipedia.org/wiki/CFA_franc

https://www.dw.com/en/africa-and-france-an-unfulfilled-dream-of-independence/a-54418511

https://www.investopedia.com/articles/forex/061015/top-exchange-rates-pegged-us-dollar.asp

https://en.wikipedia.org/wiki/International_status_and_usage_of_the_euro#Pegged_currencies

Transcript not available for this episode.