Africa's last colonial currency: the CFA Franc story

by Pigeaud, Fanny

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Title Statements

Full title :Africa's last colonial currency : the CFA Franc story / Fanny Pigeaud and Ndongo Samba Sylla ; translated by Thomas Fazi.

Summary

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 expose of colonial infrastructure proves that decolonisation is unfinished business.

Edition Statements

Publication Date:©2020

Publication Statements

Publisher(s):Pluto Press
Place of Publication:London
Language:eng
Publication Date:©2020

The Physical Object

Description:1 online resource (148 pages)

Edition Identifiers

ISBN:9781786806680, 1786806681, 9781786806697, 178680669X, 9781786806703, 1786806703
oclc:on1237309258
LC Classification:HG1370
Dewey Decimal:332.4966

1 A Currency at the Service of the 'Colonial Pact' -- 2 The CFA System -- 3 Resistance and Reprisal -- 4 France in Command -- 5 At the Service of the Françafrique -- 6 An Obstacle to Development -- 7 An Unsustainable Status Quo.

Subjects

Africa, French-speaking -- Economic con… Africa, French-speaking -- Foreign econ… Afrique francophone -- Conditions écono… Afrique francophone -- Relations économ… Economic history Franc CFA -- Histoire Franc, CFA Franc, CFA -- History France France -- Foreign economic relations --… French speaking Africa French-speaking Western Africa History International economic relations Monetary policy Monetary policy -- History. -- France Monetary unions Monetary unions -- History. -- Africa, … Money Money -- History. -- Africa, French-spe…