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CFA Franc: Catalonia Calling


Governments in those African nations whose currencies are tied to the Euro should keep an eye on Sunday's proposed independence referendum in Catalonia. The vote has been as unconstitutional by the Spanish government and the courts while the national authorities have reportedly seized millions of voting papers and sent thousands of police to the region, presumably to try and prevent voting. Some Catalan nationalists are threatening disorder if the referendum is disrupted. Looks like the recent bout of euro/CFA softening could get a boost.