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West Africa Central Bank to withdraw all CFA Franc notes



 
 
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  #1  
Old September 9th 04, 08:01 PM
John Stone
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Default West Africa Central Bank to withdraw all CFA Franc notes

http://www.businessreport.co.za/inde...icleId=2213369
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  #2  
Old September 9th 04, 09:50 PM
Tim McDaniel
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In article ,
John Stone wrote:
http://www.businessreport.co.za/index.php?fArticleId=2213369

Abbreviated form:

The BCEAO bank oversees the financial operations of the eight west
African countries of Benin, Burkina Faso, Guinea Bissau, Ivory
Coast, Mali, Niger, Senegal and Togo, which operate under one
unified currency.

"The bank informs the public that all BCEAO notes of the '1992'
type ... will no longer be legal tender from January 1, 2005," the
bank said in a three-line statement posted on its website ....

The French daily Le Monde said the action amounted to an
"earthquake" aimed at "erasing the reserves of 'dirty money' and
the stashes amassed during" a series of bank robberies in Ivory
Coast from 2001-2003, where a rebellion nearly two years ago split
the country in two.

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Tim McDaniel; Reply-To:
  #3  
Old September 10th 04, 02:10 AM
Michael G. Koerner
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Tim McDaniel wrote:

In article ,
John Stone wrote:
http://www.businessreport.co.za/index.php?fArticleId=2213369

Abbreviated form:

The BCEAO bank oversees the financial operations of the eight west
African countries of Benin, Burkina Faso, Guinea Bissau, Ivory
Coast, Mali, Niger, Senegal and Togo, which operate under one
unified currency.

"The bank informs the public that all BCEAO notes of the '1992'
type ... will no longer be legal tender from January 1, 2005," the
bank said in a three-line statement posted on its website ....

The French daily Le Monde said the action amounted to an
"earthquake" aimed at "erasing the reserves of 'dirty money' and
the stashes amassed during" a series of bank robberies in Ivory
Coast from 2001-2003, where a rebellion nearly two years ago split
the country in two.


Sounds like one of the old US Military 'scrip exchanges' from the
mid-20th century. Not that they had any real long-term effect.

--
___________________________________________ ____ _______________
Regards, | |\ ____
| | | | |\
Michael G. Koerner May they | | | | | | rise again!
Appleton, Wisconsin USA | | | | | |
___________________________________________ | | | | | | _______________
 




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