CFA Franc System in Francophone Africa: A tool of French financial imperialism
As WikiLeaks famously showed, Nicolas Sarkozy’s involvement in the imperial attack on Libya rested on the fear that Muammar Gaddafi, the revolutionary hero of the country, would replace France as French-speaking Africa’s dominant power and replace the CFA franc system with a system based on the gold dinar. This would have not only destroyed most French influence in Africa, but it would also have made the French bourgeoisie suffer a heavy blow