The Réveil panafricain pour le changement (RPC) party in Chad has expressed its support for replacing the CFA franc, a currency inherited from colonialism, with a pan-African currency. This stance was highlighted by the party's president, Gassim Cherif Mahamat, during a speech on October 3 at the launch of the party's program drafting process. The event drew hundreds of party militants to the RPC headquarters in N'Djaména.
The ceremony began after several hours of anticipation, with Gassim Cherif Mahamat outlining the RPC's ideology in a 10-minute address. He emphasized the party's conviction that pan-Africanism and the creation of United States of Africa are essential for the continent's progress and addressing its challenges. According to Mahamat, African countries face similar challenges in development, economic sovereignty, diplomacy, and politics.
Gassim Cherif Mahamat explained that the gathering aimed to establish a scientific committee to draft the party's program, which is rooted in the country's presidential project, encompassing 12 major projects and 100 key actions. As a member of the presidential majority, the RPC seeks to align its program with these initiatives. The party's agenda will prioritize issues related to currency, national resources, and food security.
The RPC party views the CFA franc as an "anachronistic" currency and advocates for the nationalization and control of Chad's resources. This stance aligns with voices across the African continent that question the relevance of the CFA franc. The party's program, once developed, is expected to serve as a guiding document for the RPC.
According to Gassim Cherif Mahamat, the program will focus on crucial aspects, including the proposed shift from the CFA franc to a pan-African currency. The RPC's adoption of this position underscores its commitment to economic sovereignty and self-determination. The party's efforts aim to contribute to Chad's development and progress.
The launch event demonstrated significant support for the RPC, with hundreds of militants in attendance. The party's leadership emphasized its dedication to working towards a more prosperous and independent Chad. As the RPC continues to develop its program, its stance on the CFA franc and pan-African currency is likely to remain a key aspect of its platform.
The RPC's advocacy for a pan-African currency reflects a broader debate on the continent about the need for greater economic integration and self-reliance. As Chad and other African countries navigate their economic development, the discussion around alternative currencies and economic models is expected to continue.
Key points
- The RPC party in Chad supports replacing the CFA franc with a pan-African currency.
- The party's program will prioritize issues related to currency, national resources, and food security.
- The RPC views the CFA franc as an "anachronistic" currency and advocates for the nationalization and control of Chad's resources.
