Vanished_Elephant t1_jabd2lz wrote
Reply to comment by ZZAABB1122 in Macron flies to Africa to counter waning French influence by HRJafael
The minimum rate of 0.75% was set in 2012. And interest rates have been below 1 and close to 0 for the better part of the last decade. Either way I have no horse in this debate. CFA monetary policy is a very complex issue, and France is cooperating in trying to reform it. France has offered to hand over the reserves to the member countries, but the members were not able to agree. Fact is many of the African elites profit from the CFA system and they're not keen on letting go of it. It's a fascinating subject worth of PHd like research with a wide range of variables. Sadly to get back to what I was originally lamenting, Shirvan from the Caspian Report failed to research/mention. Instead painting his video using very black and white brushes.
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