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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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... Colonialism began​ as a mercantilist enterprise, with companies establishing trading posts along the ocean coastlines in the warm waters of the tropics. They used whichever medium of exchange was most expedient for trade. Both local currencies and commodities – shells, for instance, and doubloons – were acceptable tokens. All were trade currencies, not sovereign currencies, valid in commercial zones rather than in fiefs and kingdoms ...

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