WITH A VALIANT HEART NOTHING IS IMPOSSIBLE 

N°002/11-05/2024_RDPF-KUMZSE/ADN

Presidential election of 2025, democratic alternation possible!

How to build Cameroon now and from what already exists and within a reasonable time frame?

The Rdpf-kumzse proposes a Marshall plan for the all-round construction of our country based on economic and financial standards.

It is about putting into motion the Assets of existing achievements in each of our localities (360) in projects of shaky and bankable feasibility!

Studies will be carried out by technical study offices associated with the State's branches that are the decentralized services (Minhdu, Mintp, Mindaf, Mindevel, etc.), with the objective and goal of constituting the existing cadastral (economic and financial value).

These studies will allow us to prepare the projection of our real and future infrastructure needs, which will meet the financial eligibility criteria retained for any shaky and bankable project.

Dear Compatriots, you will all agree, of course, that such a procedure will boost employment and make effective the march for an imminent emergence according to the work schedule.

The Rdpf-Kumzse brings you through this demonstration the proof that the full-scale implementation of the existing through our macro and micro-economic system is within our reach and must be the subject of technical studies without complacency and for a certain diligence of the all-round emergence of our dear and beautiful country.

We would like to be able to answer in more detail, during a future invitation to all the questions that can allow a greater and wider dissemination as well as the understanding of the authorities in charge of the current executive of this probability!

Our real concern is and will remain the well-being of Cameroonians!!!

Finally, Currency, a real added value to effectively fight against poverty and malaise? And How?

History of the CFA Franc

Before embarking on the analysis of the debates surrounding the CFA Franc, it would be wise to immerse oneself in its historical context and its progressive developments since its creation in 1945.

Here we provide a quick historical review of this currency.

A post-war currency

The CFA Franc was born from two economic necessities, that of controlling the flow of capital circulating in the French colonial empire, and that of “rationalizing” the issuance of currency in the French colonies, which was gradually entrusted to private and local issuing institutes or even left fallow during the first half of the 20th century and which the two wars greatly obscured.

By signing the Bretton Woods Agreements on December 26, 1945, France established the Franc of the French Colonies of Africa as the sole legal tender of the colonies by making its first declaration of fixed parity

(1 CFA Franc = 1.7 French Francs) and at the same time restored its monetary authority (via the Caisse Centrale de la France d’Outre-Mer).

In 1948, the French franc was valued at 1 CFA Franc = 2 FF.

The time of independence

The gradual independence of the colonized territories and their constitution as states, in the 50s and 60s, did not, however, in any way lead to their withdrawal from the zone of the newly named “Franc of the French Community of Africa” (1958).

Indeed, between 1960 and 1973, only four states out of the fifteen states belonging to the Franc zone withdrew from the monetary agreements entered into at the time of their independence.

This was particularly the case in Guinea in 1960, in parallel with the revaluation of the fixed parity (1 French Franc = 50 CFA Francs), followed by Mali in 1962, which claimed full sovereignty conditioned by monetary independence.

The states that remained in the Franc zone then came together in two independent monetary unions: U.M.O.A. (Monetary Union of West African States), created in 1962, and U.M.A.C. (Monetary Union of Central Africa), established later, in 1972.

At that time, the institutional center of gravity of the CFA Franc remained anchored in Paris.

Indeed, the headquarters of the two central banks will not be moved until the end of the 70s.

In addition, the finance ministers of the Franc Zone have been meeting biannually in Paris since 1965.

What can economically and financially justify the parity of 1€ = 655.957Fcfa, compared to 1Fcfa = 2FF? How can we understand that the Cameroonian farmer is poorer than the French farmer when they both produce the same thing or do the same work?

The Currency is supported by the raw materials that our subsoils abound, how can we explain this monetary forfeiture, which persists in our economic and financial spaces?

May God bless us/you!

May God bless our families 

Dr. Antoine de Padoue NDEMMANU