Africa's Last Colonial Currency: The CFA Franc Story - Softcover

Pigeaud, Fanny; Sylla, Ndongo Samba

Softcover

ISBN 10: 0745341799 ISBN 13: 9780745341798

Publisher: Pluto Press, 2021

Synopsis

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.

About this title

About the Author

Fanny Pigeaud is a journalist and the author of a number of books, including 'A Decade of Cameroon' (Brill, 2019). Ndongo Samba Sylla is a Research and Programme Manager for the Rosa Luxemburg Foundation. He is the co-author of 'Africa’s Last Colonial Currency' (Pluto, 2021). William Mitchell is Professor of Economics at the University of Newcastle, Australia. He is considered one of the world's leading heterodox economists and is the author of 'Reclaiming the State' (Pluto, 2017). Thomas Fazi is a writer, journalist, translator and researcher. His articles have appeared in numerous publications. He is the author of 'The Battle for Europe' (Pluto, 2014) and 'Reclaiming the State' (Pluto, 2017), co-authored with William Mitchell.

Edition details

• Publisher: Pluto Press
• Publication date: 2021
• Language: English
• ISBN 10: 0745341799
• ISBN 13: 9780745341798
• Binding: Paperback
• Number of pages: 192