France has a FCFA patent which it rents to West and Central African countries, Minister Bassolma Bazié denounced on Saturday, at the podium of the UN.

“The CFA Franc (Franc of the French Colonies of Africa) is not African property. On a legal level, “property” is “the right to enjoy and dispose of things in the most absolute manner” (Article 544 of the French Civil Code).

A patent is therefore held by France on the CFA Franc; it therefore owns the CFA Franc and rents it to French-speaking African States.

What is also funny is that the banknotes produced by France for West Africa differ from those of Central Africa in monetary value under the same name of CFA franc.

The only document recognizing the CFA Franc is Decree No. 45-0136 of December 26, 1945, the signatories of which were: Charles De Gaulle, President of the Provisional Government; Réné PLEVEN Minister of Finance and Jacques SOUSTELLE, Minister of Colonies. »

Source: Burkina Information Agency