With the initiation of the Africa Continental Free Trade Agreement on May 30, 2019, now is the time for African nations to finally jettison the CFA frank, a relic of French Colonialism.

No longer should 14 African nations have their sovereignty infringed upon by a former European colonial country.

Economic sovereignty is inviolate. For a nation to develop its full economic potential it must control its currency, which is a from of national credit. One of the great accomplishments of the President’s George Washington’s Secretary of the Treasury, Alexander Hamilton, was his creation of a National Bank, which unified all the currencies and debt held by the thirteen colonies.

A nation that does not have sovereign authority over its currency and credit will never be truly free, and its people will suffer from underdevelopment..

Read: Africa’s CFA Franc Colonial Relic or Stabilizing Force

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