More appalling is the fact that France guarantees the CFA franc’s free convertibility into hard currency, originally on the condition that all 15 Franc Zone countries surrender 100% of their foreign reserves to the French Treasury. The amount was reduced to 65%, and then 50%, in 2005, but France still deducts its share directly from these countries’ export earnings.
更令人震惊的是法国保证西非法郎与硬通货自由兑换，但最初的条件是所有15个法郎区国家向法国财政部100%上缴本国的外汇储备。这一比例后来降低到65%和2005年的50%，但法国仍然从这些国家的出口收入中直接扣除一定的比例。