Currencies

For a few weeks now, there has been a panic wind over cryptocurrencies, bitcoin has lost half of its value in a few days and this is not to the delight of millions of savers and speculators on the continent. It is estimated, for example, that 11% of South Africans and 9% of Nigerians own cryptocurrencies. What are the dangers to cryptocurrency holders, especially in Africa? In countries with high inflation in Africa, cryptocurrencies are often seen as a way to preserve the value of savings. In areas that are more stable…

Almost 200 guests are in Lomé as of this Wednesday to discuss the new currency, the eco, which was decided on December 21, 2019 in Abidjan by the French and Ivorian presidents, Emmanuel Macron and Alassane Ouattara. as reported from Lomé, Peter Sassou DogbéIt is expected that this currency will eventually replace the CFA franc…

It is today that France ratifies the Monetary Cooperation Agreement concluded a year ago, on 21 December 2019, by Paris and the states of the West African Monetary Union. This agreement marks the conversion of the CFA franc, which will be echoed while maintaining the fixed parity with the euro. France withdraws its representatives from monetary governing bodies such as the BCEAO and no longer requires…

Announced at the end of last year that Eco, which is to replace the CFA franc from 2020, will eventually have to wait. Apart from the requirement that certain civil society organizations and certain economists demand the disappearance of the CFA franc, current users of this currency rarely speak on a daily basis. "Does our…

A French couple were arrested in early October in the Limoges with 20,000 euros in moldy banknotes in their possession. Banknotes coming from shares plundered at Benghazi's central bank in Libya in late 2017. At that time, the city center, where the establishment is located, was taken from the Islamists by the forces of Khalifa Haftar. And witnesses accuse the son of the strong man from the eastern part of the country of having seized this liquidity flowing from Europe. By the end of 2017, the center of Benghazi was still…