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Countries without Currency

Rahmane Idrissa: The CFA Franc, 2 December 2021

Africa’s Last Colonial Currency: The CFA Franc Story 
by Fanny Pigeaud and Ndongo Samba Sylla, translated by Thomas Fazi.
Pluto, 168 pp., £19.99, February, 978 0 7453 4179 8
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... with numéraire – currency. Extending credit to French trading companies ensured its success.Fanny Pigeaud and Ndongo Samba Sylla’s book is about the origins of the CFA franc, a currency created in 1945 under colonial rule and still in circulation today. Their story also clearly illustrates that it is debt – or credit – rather than savings ...

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