Too bad it's half retarded The CFA franc is something france should do away with, yes, but regarding "uh uh, france doesn't have a gold mine in its garden how can it have gold???" wtf tardinial, seriously... The banque de france holds 2,436 tonnes of gold underground, 27m underground. This gold constitutes the reserves of france, which has the fourth national stock in the world behind the US, germany and italy. It is recorded on the balance sheet of the banque de france. Since the 1970s, gold no longer has a monetary role. On the other hand, it retains a large but fluctuating value which is determined by the market. **To get an order of magnitude, the value of this gold is a little over 100 billion euros, which represents about 5% of France's GDP and debt.** I mean gtfo, narrator is retarded France had gold way before it went on to colonize africa, it's an old country... It saved/hid its gold during the second world war, nazis were after it and it slipped away and france recovered it after the war Today's reserves were almost all accumulated during the years 1950 to 1965. Charles de gaulle also himself encouraged a lot of selling of US dollars to convert them into gold at that time. It was Charles de Gaulle who initiated the repatriation of French gold stored in the United States. The vast majority of this gold is held in the vaults of the banque de france in Paris. Some French gold is stored abroad in commercial markets, and the banque de france uses gold deposits and gold swaps and it also provides gold storage and gold trading services to other "central bank" customers, such as the ECB, the IMF and the deutsche bundesbank.