In France’s former African colonies, imperialist monetary policies from Paris continue to cripple domestic economies and undermine democracy. Colonialism in Africa won’t have meaningfully come to an end until true economic sovereignty is allowed to flourish.
Ndongo Samba Sylla is a Senegalese development economist at the Rosa Luxemburg Foundation, Dakar and coauthor with Fanny Pigeaud of Africa’s Last Colonial Currency: The CFA Franc Story (Pluto Press).
François Mitterrand warned that France would be irrelevant to twenty-first-century history unless it maintained its control of Africa. Its instrument for so doing is the CFA Franc — a colonial currency entrenching French rule more than fifty years after independence.