• Diva (she/her)@lemmy.ml
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    2 days ago

    a third of African countries have a monetary policy run out of EU right now; CFA Franc is used by like 200 million people.

    • mcv@lemmy.zip
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      1 day ago

      By choice, mind you. The CFA franc was introduced during colonial times, but after their independence, countries have the option to keep it or get their own currency. Some introduced their own currency. Others, that had never been French colonies, adopted the CFA franc.

      It is absolutely a remnant of colonialism, but countries are free to adopt it or not.