Jamal Awil

← Africa's Last Colonial Currency

Macron’s CFA changes preserved French monetary control. [contrarian]

The changes announced do not therefore put an end to the CFA system and cede monetary independence to the WAEMU. Rather, they are in line with the logic followed over the decades by France as described in Chapter 3. Paris, with the support of Côte d'Ivoire, has addressed in its own way the most visible symbols of coloniality that are the most decried by pan-Africanist movements and intellectuals, but without touching on the fundamental elements that ensure French domination. Former BCEAO governor Philippe Henri Dacoury-Tabley described Emmanuel Macron's reform as 'window dressing' and 'prestidigitation'.

Fanny Pigeaud_ Ndongo Samba Sylla, Africa's Last Colonial Curr…, loc. 377