[Guinea-list] West African currency union (on verra bien)

[Stephanie Chasteen]

How does the CFA work, anyhow?  I remember it was tied somehow to the french 
Franc, but I don't recall the details.  Why is it better to have a currency 
that isn't linked to the CFA?

And are Guinea's economic troubles in part linked to its currency?  I recall 
that the exchange rate of the GF fluctuated between 1000 to 1500 francs to 
the dollar while we were there...  That's a big drop!  How does that affect 
the country's economy, and local economies?

I mean, I imagine in the village they don't get affected by the currency 
fluctuations that much, because very few products are imported.  But in the 
cities, the prices must rise accordingly.  And across the board, the lousy 
exchange rate makes foreign products accessible only to the rich 
"patrons"...

Someone have some economic insight for me?

Steph



>List-Id: Friends of Guinea <guinea-list.klatha.com>

>

>

>hello

>I have been waiting for this for a long time. I think

>if we happen to have a currency for the west coast of

>africa or may be for the whole continent then in this

>century will be one of the best thing ever for

>the"noire continent".

>    What ever we do though we should not go a long with

>'CFA' we should have our own  currency that is from

>africa "not much influence by the french". The truth

>is they almost own all the 'CFA' countries. May be we

>should call this new currency "africa'

>

>alpha sow

>los angeles,

>originally from guinee

>please visit guineeonline

>www.guineeonline.intranets.com

>

>--- Brian Farenell <saabrian at yahoo.com> wrote:

> >

>http://news.bbc.co.uk/hi/english/world/africa/newsid_721000/721707.stm

> >

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>IT Consultant

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>alphasow at yahoo.com

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