In the process, he also developed treaties meant to secure strategic materials (cobalt, copper, oil and uranium) from those countries, as well as a common currency pegged to the French franc that would ensure control of their economies.

Source: https://www.salon.com/2023/10/22/moscows-man-in-africa-yevgeny-prigozhin-and-the-collapse-of-the-french-empire_partner/

Second, the CFA franc is not freely convertible and cannot be freely traded on the open market.

Source: https://dailyreckoning.com/the-frightening-fall-of-the-fcking-french/

WARSAW (Reuters) – Moody’s has downgraded the long-term deposit ratings of mBank and changed the outlook to negative from “under review” citing risks stemming from the legacy of Swiss franc loans at Polish lenders, the agency said.

Source: https://www.shorenewsnetwork.com/2023/03/25/moodys-downgrades-polands-mbank/

We started with chardonnay, then merlot, cabernet sauvignon and franc, and syrah, followed by Sicilian varieties, Grecanico, Nero d’Avola and Grillo,” notes Alessio Planeta.

Source: https://wwd.com/eye/lifestyle/grand-tour-sicily-planeta-family-1235938459/

What's at stake in Poland's Swiss franc case?

Source: https://biztoc.com/x/4496c1f93f83c843?ref=ff

While it fell to new lows for the year against the US dollar, it fell to a record low against the Swiss franc, 15-year lows against the euro, and more than a seven-year low against sterling.

Source: https://seekingalpha.com/article/4614798-marc-to-market-july-2023-monthly-update?source=feed_all_articles