ECO: How the project was sabotaged by UEMOA countries

The implementation announced in late December 2019 of the “Eco” currency instead of the FCFA by the Ivorian head of state, under the watchful eye of Mr. Emmanuel Macron, the French president, did not have the consent of the English-speaking countries of West Africa and Guinea.

Differences in FCFA – ECO: Two visions of the world

Originally designed to be the common currency of all ECOWAS countries, the eco as presented by the Ivorian head of state is, according to the above-mentioned countries, only an avatar of the FCFA, where France’s suffocating presence does not disappear but is more subtle. The zeal of the UEMOA countries to rename the FCFA into eco is a real sabotage and “short circuit” of the original view adopted by the Heads of State and Government of ECOWAS. The reaction of Nigeria, Ghana, Gambia, Liberia, Sierra Leone and Guinea is a real disavolution for the Ivorian head of state and his WAEMU comrades. Nothing explains this eagerness to turn FCFA into an ECO without actually making contact with all the ECOWAS countries, the initiators of the project.

It is a cosmetic operation made to dampen the criticism of African intellectuals against France’s oppressive presence a bit and allow it to breathe a little compared to the increase in the denial of its actions and of its presence in West Africa. The criticisms of the protesting countries concern the similarities between the FCFA and the eco: currency supported by the euro, exchange rate guaranteed by France, lack of flexibility in this exchange rate, etc. And according to their reviews, nothing has changed fundamentally. But in addition to the differences over the new currency that can be listed, two world visions collide; two notions of the relationship to be maintained with the former colonial power also collide.

On the one hand the English-speaking countries. Very early on, these countries learned to take responsibility for themselves, to do everything for themselves and for themselves. They suffered under it, made mistakes, hit the bottom to such an extent that some laughed here. Who does not remember the phrase “to fall like Ghana”? But the advantage they have created a mind knows adversity and is not afraid to fail, and they dare “dare”; they learned a lot from their mistakes. Today, it will not occur to an Ivorian, no matter where it arises, to make fun of Ghana, which has managed the feat of refusing IMF aid, with some walking around with their donation to beg for credits in the right line and in spirit by “Aye di Allah man”!

“Let us all work tirelessly for all leaders in Africa to develop and internalize the FUBU spirit”

It is also worth noting that the former colonizing country, England, does not interfere in the internal affairs of its former colonies, has no military base in any of these countries, and does not elect their leaders. English-speaking countries are very jealous of their sovereignty. On the other hand, the French-speaking countries still behave sixty years after independence as “children”, unable to make decisions without their “father’s approval. At the beginning of independence, they signed all agreements with France with secret clauses, which makes France to the real owner of these areas.

These countries have developed an addiction complex that removes their desire to dare, try or suffer to take care of themselves. They depend on France for everything: currency, defense, diplomacy. And France also indulges in the joy of speaking in their name at the UN, being at the initiative of all UN resolutions on them and … electing or forcing the leaders. If it happened that a leader wanted to get away from the “normal” framework that France was tracking, or wanted to get out of the straitjacket that France was blocking him inside, he was immediately the subject of a coup, for a revolt with a media hype about presenting it as a monster, and eventually we destroy it with bombs to replace it with another more conciliatory, more accommodating, and more malleable.

This is the vision developed by these two groups of African countries in their journey towards development and in their relationship with the world. In light of the above, let us all work tirelessly for all African leaders to develop and internalize the FUBU spirit (For us and by us) so that tomorrow will be better for us. Tomorrow is certainly another day, but tomorrow always comes, and the true will be separated from the true.

Leave a Comment