Decolonization and the legacy of currency: the case of France’s former colonies
Suares Clovis Oukouomi Noutchie
Additional contact information
Suares Clovis Oukouomi Noutchie: North-West University
International Journal of Business Ecosystem & Strategy (2687-2293), 2025, vol. 7, issue 4, 171-176
Abstract:
This article critically examines the legacy of the CFA franc system, a colonial-era monetary arrangement that continues to shape the economic landscape of 14 countries in West and Central Africa. Framed within the discourse of decolonization and economic sovereignty, the paper explores the historical origins, institutional design, and enduring consequences of the CFA franc. While the currency system provides nominal stability, it restricts fiscal and monetary autonomy, reinforces dependency on France, and inhibits regional integration and industrial development. Drawing on theoretical and empirical literature, policy reports, and civil society commentary, the paper evaluates the political economy of monetary reform, including the proposed Eco currency. It emphasizes the need for structural transformation, regional cooperation, and democratic governance in reimagining African monetary futures. The analysis concludes by emphasizing that genuine economic liberation requires dismantling financial instruments rooted in colonial logic and replacing them with systems that reflect African priorities, agency, and development goals Key Words:Decolonization, CFA Franc, Monetary Sovereignty, Economic Dependency, Regional Integration, Neocolonialism, Eco Currency, African Economic Development
Date: 2025
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.bussecon.com/ojs/index.php/ijbes/article/view/860/528 (application/pdf)
https://doi.org/10.36096/ijbes.v7i4.860 (text/html)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:adi:ijbess:v:7:y:2025:i:4:p:171-176
Access Statistics for this article
International Journal of Business Ecosystem & Strategy (2687-2293) is currently edited by Umit Hacioglu
More articles in International Journal of Business Ecosystem & Strategy (2687-2293) from Bussecon International Academy Bussecon International Academy, School of Business, IHU, Ordu cad. F-05 Blok No 3, 34480 Basaksehir, Istanbul, Turkey. Contact information at EDIRC.
Bibliographic data for series maintained by Umit Hacioglu ().