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The CFA Franc: Neo-colonial currency?
Podcast |
It's a Continent
Publisher |
It's a Continent
Media Type |
audio
Podknife tags |
Africa
History
Society & Culture
Categories Via RSS |
History
Publication Date |
Feb 21, 2023
Episode Duration |
00:33:54

The CFA franc is one of Africa’s most baffling and misunderstood currencies. Introduced in 1945 to keep France’s African colonies under control, it has withstood decolonisation. Today, the CFA franc operates in 14 African countries and remains managed by France. Its existence remains controversial, with the currency described as ‘one of the straitjackets that keeps the African countries dependent on France.’ In this episode, we unravel the history of the CFA franc and its potential future.

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