Africa's Last Colonial Currency: The CFA Franc Story by Fanny Pigeaud (English)

Description: Africa's Last Colonial Currency by Fanny Pigeaud, Ndongo Samba Sylla, William Mitchell How the CFA Franc enabled France to continue its colonies in Africa FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description 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. Author Biography 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 author of The Fair Trade Scandal (Pluto, 2014). Table of Contents Foreword by William F. Mitchell Map Introduction1. A Currency at the Service of the Colonial Pact 2. The CFA System3. Resistance and Reprisal4. France in Command5. At the Service of the Françafrique 6. An Obstacle to Development 7. An Unsustainable Status Quo Epilogue Postface Notes Index Review For decades, the CFA Franc question has been, for the elite of Francophone Africa, more than a mere taboo subject, a sort of shameful wound. Tongues are starting to loosen, and this book comes at a perfect time -- Boubacar Boris Diop, Senegalese novelist and essayistA masterpiece that uncovers, in wonderful detail, the neo-colonial politics behind the CFA Franc. It makes a passionate, convincing case for dismantling the CFA Franc, and will become a classic study in how monetary relationships are intertwined with power and national interest -- Professor Daniela Gabor, Professor of Economics and Macro-Finance, University of the West of EnglandAn impressive read -- Arndt Hopfmann, Senior Advisor on Economic and Trade Policy at the Rosa Luxemburg FoundationThis book makes the CFA Francs role in the perpetuation of French neo-colonialism in Africa all too visible - thereby adding to the arsenal of knowledge for the decolonization of Africa and African development -- Anthony Victor Obeng, author of Decolonizing Africa and African Development: The Twenty-First Century Pan Africanist Challenge (Peter Lang AG, 2016)A fascinating inquiry -- Olivette Otele, historian, author of African Europeans: An Untold History (Hurst, 2020)A must read that engages the political economy of the post-colony by taking us back to where it all started: from De Gaulles neo-colonial independence to Macrons fake colonial currency, showing that the transition is simply imperial domination par excellence -- Ibrahim Abdullah, Professor of History at Fourah Bay College, University of Sierra LeoneExcellent ... it exposes the reality behind that invisible weapon used by France to continue to influence the fate of its former colonies -- Demba Moussa Dembele, economist and co-author of Ending Africas Monetary Servitude: Who Profits from the CFA Franc?An excellent book showing that a common currency area between an advanced and a backward region is a mechanism for perpetuating the latters backwardness and making its products available cheap for the former. A must read for students of development -- Prabhat Patnaik, Professor Emeritus, Jawaharlal Nehru UniversityA brilliant book which will be a highly efficient weapon in the fight for the financial sovereignty of the African States and the complete abolition of the CFA -- Jean Ziegler, Former Professor of Sociology at the University of Geneva and the Sorbonne, Paris and former Vice-President of the Advisory Committee to the United Nations Human Rights CouncilA scathing critique of Frances most powerful colonial tool in Africa, revealing a radical, yet practical alternative path for African economic and monetary sovereignty -- Fadhel Kaboub, President of the Global Institute for Sustainable ProsperityAddresses one factor most experts overlook … Pigeaud and Sylla make the case that preservation of the CFA has been an overlooked but crucial motivation for France -- The New York Review of BooksA crystal-clear dissection of a purposefully opaque economic system … at once exposé, history, and economics explainer -- Society and SpaceAn immensely important contribution -- Brave New EuropeDemolishing the shallow rhetoric surrounding the CFA system, the authors are excellent guides to its political, diplomatic and technical history … offering a book that will be particularly of interest to economic historians, postcolonial theorists and political scientists -- LSE Review of Books Long Description 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 expos Review Quote Towards the end of their distinguished book, Pigeaud & Sylla discuss three conditions for the termination of the Franc-CFA. Firstly, a responsible monetary policy; secondly, political leaders must take full responsibility and aim for "real financial independence"; this, however, can only be achieved in the framework of a much more ambitious project for full economic sovereignty. An impressive read Description for Reader 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 author of The Fair Trade Scandal (Pluto, 2014). Details ISBN0745341799 Author William Mitchell Publisher Pluto Press ISBN-10 0745341799 ISBN-13 9780745341798 Translator Thomas Fazi Short Title Africas Last Colonial Currency Language English Subtitle The CFA Franc Story Pages 192 Year 2021 Publication Date 2021-02-20 UK Release Date 2021-02-20 Format Paperback Imprint Pluto Press Place of Publication London Country of Publication United Kingdom Illustrations 1 Maps AU Release Date 2021-02-20 NZ Release Date 2021-02-20 Translated from French Birth 20180308 Affiliation University of New South Wales, Australia Position Specialty Registrar in Paediatric Emergency Medicine Qualifications BSc MB ChB MSc LLM MRC Alternative 9780745341781 DEWEY 332.49660917541 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:137794110;

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