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

By: Contributor(s): Material type: TextTextLanguage: English Original language: French Publisher: London : Pluto Press, 2021Copyright date: ©2020Description: 1 online resource (xiii, 168 pages) : mapContent type:
  • text
  • cartographic image
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781786806680
  • 1786806681
  • 9781786806703
  • 1786806703
  • 9781786806697
  • 178680669X
Uniform titles:
  • L'arme invisible de la Françafrique. English
Subject(s): Genre/Form: Additional physical formats: Print version:: Africa's last colonial currency.DDC classification:
  • 332.4966 23
LOC classification:
  • HG3897.4 .P5413 2021eb
Online resources:
Contents:
Foreword / by William F. Mitchell -- Introduction -- 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 -- Epilogue -- Postface.
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.-- Provided by publisher.
Holdings
Item type Current library Collection Call number Status Date due Barcode Item holds
eBook eBook e-Library EBSCO Business Available
Total holds: 0

First published by Éditions La Découverte as L'arme invisible de la Françafrique, Une histoire du franc CFA. English translation first published 2021 by Pluto Press

Includes bibliographical references and index.

Foreword / by William F. Mitchell -- Introduction -- 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 -- Epilogue -- Postface.

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.-- Provided by publisher.

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 Senegalese development economist. William Mitchell is Professor of Economics at the University of Newcastle, Australia.

Print version record.

WorldCat record variable field(s) change: 050

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