Africa's Last Colonial Currency

The CFA Franc Story

Africa's Last Colonial Currency
Ndongo Samba Sylla, Thomas Fazi, William Mitchell, Fanny Pigeaud
RRP:
NZ$ 63.99
Our Price:
NZ$ 54.39
Paperback
h216 x 140mm - 208pg
20 Jul 2020 UK
International import eta 10-19 days
9780745341798
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9780745341781 UK Hardback $194.64

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 decolonization is unfinished business.
' An impressive read' -- Arndt Hopfmann, Senior Advisor on Economic and Trade Policy at the Rosa Luxemburg Foundation
Fanny Pigeaud is a journalist and the author of a number of books, including A Decade of Cameroon (Brill, 2019).

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