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Africa’s Last Colonial Currency
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ISBN-13:
9780745341798
Veröffentl:
2021
Erscheinungsdatum:
20.02.2021
Seiten:
192
Autor:
Fanny Pigeaud
Gewicht:
216 g
Format:
215x139x16 mm
Sprache:
Englisch
Beschreibung:
Fanny Pigeaud is a journalist and the author of a number of books, including A Decade of Cameroon (Brill, 2019).
How the CFA Franc enabled France to continue its colonies in Africa
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.