Podcast: historicly (LS 44 · TOP 1% what is this?)Episode: CFA Franc Zone: Colonialism By Another NamePub date: 2022-12-05Get Podcast Transcript →powered by Listen411 - fast audio-to-text and summarizationLast month, Italian Prime Minister Giorgia Meloni drew some waves when she (rightfully) criticized French Colonialism in Africa. She drew particular attention to the CFA Franc Zone. While her critique was rightful, there is much to be said about her motivations. Today, we are joined by Ndongo Samba Sylla, author of “Africa’s Last Colonial Currency” to talk to us about the brutal history of the CFA Franc and how it purposefully impoverishes Africa. Show Notes0:41 - Colony within a nation: “Neoliberalism is another iteration of colonial logic, at least economically speaking”5:14 - President Mitterand in 1957, “Without Africa, France would have no history in the 21st century”6:48 - CFA Frank with two monetary zones 9:11 - Who liberated France? 10:11 - CFA Franc was born out of the devaluation of the French Franc12:12 - Sham Decolonialisation 13:40 - Guinea 15:45 - Sekou Toure17:34 - Fundamental Principles of the CFA system21:06 - The third pillar “Guarantee of convertability”* Central banks are obliged to deposit with the central bank 50% of their exchange reserves.30:00 - Military Agreement with Relation to the CFA Frank32:15 - Thomas Sankara Example36:28 - French Interventions of Africa38:53 - What is going on in Mali?44:51 - Struggle against Monetary Repression“Instant Misery Fund” = IMF47:03 - Secrecy behind the CFA institutions50:20 - France is a “Guaranteer”! What does it mean? * Africans provided loans to the French Government.56:03 - Myths surrounding the CFA FrancWhat do you think about the CFA Franc Zone?You can follow Ndongo Samba Sylla on Twitter This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit www.historicly.net/subscribeThe podcast and artwork embedded on this page are from Esha, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

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