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West Africa Central Bank to withdraw all CFA Franc notes
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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. -- Tim McDaniel; Reply-To: |
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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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