Description

Colonialism persists in many African countries due to the continuation of imperial monetary policy. This is the little-known account of the CFA Franc and economic imperialism.

The CFA Franc was created in 1945, binding fourteen African states and split into two monetary zones. Why did French colonial authorities create it and how does it work? Why was independence not extended to monetary sovereignty for former French colonies? Through an exploration of the genesis of the currency and an examination of how the economic system works, the authors seek to answer these questions and more.

As protests against the colonial currency grow, the need for myth-busting on the CFA Franc is vital and this exposé of colonial infrastructure proves that decolonisation is unfinished business.

Africa's Last Colonial Currency: The CFA Franc Story

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£19.99

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Paperback / softback by Fanny Pigeaud , Ndongo Samba Sylla

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Colonialism persists in many African countries due to the continuation of imperial monetary policy. This is the little-known account of... Read more

    Publisher: Pluto Press
    Publication Date: 20/02/2021
    ISBN13: 9780745341798, 978-0745341798
    ISBN10: 0745341799

    Number of Pages: 192

    Non Fiction , Business, Finance & Law

    Description

    Colonialism persists in many African countries due to the continuation of imperial monetary policy. This is the little-known account of the CFA Franc and economic imperialism.

    The CFA Franc was created in 1945, binding fourteen African states and split into two monetary zones. Why did French colonial authorities create it and how does it work? Why was independence not extended to monetary sovereignty for former French colonies? Through an exploration of the genesis of the currency and an examination of how the economic system works, the authors seek to answer these questions and more.

    As protests against the colonial currency grow, the need for myth-busting on the CFA Franc is vital and this exposé of colonial infrastructure proves that decolonisation is unfinished business.

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