The CFA franc is one of Africa’s most baffling and misunderstood currencies. Introduced in 1945 to keep France’s African colonies under control, it has withstood decolonisation. Today, the CFA franc operates in 14 African countries and remains managed by France. Its existence remains controversial, with the currency described as ‘one of the straitjackets that keeps the African countries dependent on France.’ In this episode, we unravel the history of the CFA franc and its potential future.

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