Jamal Awil

← Africa's Last Colonial Currency

Guinea sought monetary autonomy within the franc zone. [fact]

Guinea remained part of the franc zone. For several months, the Guinean and French authorities tried to reach an agreement on the monetary question. The former, and especially Sékou Touré, wanted to create a national currency while remaining in the franc zone, but without having to accept its 'humiliating' rules. The Guineans were particularly concerned by the 'excessively centralising' nature of the franc zone, as well as by the prohibition, imposed by Paris on the country, to independently negotiate its trade agreements.

Fanny Pigeaud_ Ndongo Samba Sylla, Africa's Last Colonial Curr…, loc. 151