A history of the CFA franc
At 10 p.m. on Public Sénat
“The currency has a history, and it says a link with France, a former colonial power, which has not been broken”, explains a specialist. From autonomy to the desire for total emancipation via an illusion of independence, between dissension and compromise, French and European influence, Katy Léna Ndiaye’s documentary traces the evolution of the FCFA, from its birth in 1945 to today. today. In doing so, he raises several burning questions. How can a currency cut for a colonial economy support the development of these countries? Or again, “the question is not: can we get out of the CFA franc, but what currency do we need to transform the economy and society? “. To answer it, various African specialists – a Cameroonian sociologist, a Togolese economist, a Senegalese historian… – follow one another on the screen, as well as bankers or politicians to reveal the workings of this monetary domination.
Despite some lengths or sometimes pointed economic and political explanations, this film offers a rich analysis on a difficult subject. Interspersed with sound archives and videos, it takes us back to the near past, while highlighting the way in which this currency hinders the development of the countries where it still circulates.