Euro Impact on Gold, USD ... Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Euro Impact on Gold, USD ...

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: banco$ who wrote (261)	2/1/1999 10:26:00 PM
From: banco$	of 289

"Linking the euro to the African franc" - European Parliament Linking the euro to the African franc (A4-0484/98 - Herman) In this report, Fernand Herman (B, EPP) will be recommending that the House approves the arrangement for pegging the CFA franc to the euro via the French franc. The CFA zone is made up of 14 West and Central African countries using the CFA franc which has been pegged to the French franc. Mr Herman notes that the principles on which the franc zone is based, and the way in which it operates, will not change in any way once the CFA franc has been pegged to the euro. The French Treasury will continue to guarantee the convertibility of the CFA franc into euros at a fixed rate and the parities and names of both currencies will remain the same. He considers that the EU has an interest in the continuation of the CFA agreement as it will protect EU-CFA trade from currency fluctuation. At the same time it will be of advantage to the associated African countries as they will belong to a large and stable monetary zone. europarl.eu.int

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next