African deputies denounced the CFA franc’s lack of independence in 1949.

Evidence

Some African deputies of the French National Assembly had understood that this principle of automaticity made the CFA franc a currency at the service of the ‘colonial pact’. During the parliamentary session of 21 June 1949, Sourou-Migan Apithy, the future president of the Republic of Dahomey, deplored the lack of autonomy of the CFA franc: ‘The CFA franc is not an independent currency, but a multiple of the metropolitan franc, to the same extent that a decilitre is a multiple of the litre’, he said, referring to the fact that the CFA franc at the time was stronger than the franc. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 79

Categorization

• XREF: Early documented African critique directly relates to reader’s Resistance query — prefigures later anti-CFA movements. — connects to: The CFA franc functions as a political instrument of pressure over 15 African states.; The CFA franc was a political choice that deprived non-adapting African actors of credit — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 192; The CFA franc was a colonial instrument depriving African actors of credit.

Related

• African deputies publicly exposed the CFA franc as a tool of the colonial pact (similarity 0.90)
• The CFA franc was a colonial instrument depriving African actors of credit. (similarity 0.86)
• The CFA franc’s real purpose was draining colonial wealth to France. (similarity 0.85)
• The CFA franc functions as a political instrument of pressure over 15 African states. (similarity 0.84)
• France introduced the CFA franc to several African colonies in 1945 (similarity 0.84)
• The CFA franc was a political choice that deprived non-adapting African actors of credit (similarity 0.84)
• The CFA franc’s parity was set without regard for local economic realities (similarity 0.84)
• The CFA franc gives France instruments to control the politics of 15 African states. (similarity 0.84)
• The CFA franc is the central weapon of Françafrique’s neocolonial domination (similarity 0.84)
• CFA franc’s real aims were draining colonial wealth into France, not African progress. (similarity 0.84)
• The CFA franc originated in 1945 as a Françafrique control tool. (similarity 0.84)
• The French guarantee of the CFA franc was illusory since African reserves exceeded debts (similarity 0.83)
• Criticizing the CFA franc publicly risked dismissal from official posts (similarity 0.83)
• CFA convertibility guarantee is cheap only because African economies stay small. (similarity 0.83)
• The CFA franc is a tool to preserve French dominance post-independence. (similarity 0.83)

Broader Connections

• The CFA franc was a colonial instrument depriving African actors of credit. #corroborates (0.80)
• The CFA franc was a political choice that deprived non-adapting African actors of credit #corroborates (0.75) — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 192