The CFA franc was created on 25 December 1945 by French decree.

Evidence

As a key part of this strategy, the French introduced a common currency in 1945 for several African colonies – the CFA franc (originally franc des colonies françaises d’Afrique). The official French government line was that the currency would protect the colonies from inflation arising from the devalued French franc, a consequence of the devastation experienced during World War II. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 23 (#corroborates, via linked claim)

Categorization

• XREF: connects to: The CFA franc originated in 1945 as a Françafrique control tool.; Fourteen countries plus the Comoros use CFA-linked francs dating from 1945.; France introduced the CFA franc to several African colonies in 1945 — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 23

Related

• France introduced the CFA franc to several African colonies in 1945 (similarity 0.95)
• The CFA franc originated in 1945 as a Françafrique control tool. (similarity 0.95)
• Fourteen countries plus the Comoros use CFA-linked francs dating from 1945. (similarity 0.90)
• Two CFA francs serve 162 million people across 15 states under one franc zone (similarity 0.85)
• The CFA franc gives France instruments to control the politics of 15 African states. (similarity 0.85)
• The CFA franc is the central weapon of Françafrique’s neocolonial domination (similarity 0.85)
• The CFA franc is a tool to preserve French dominance post-independence. (similarity 0.84)
• CFA franc parity changed only once since 1948 (similarity 0.84)
• Colonial territories absorbed the costs of repeated French franc devaluations. (similarity 0.84)
• CFA franc parity was frozen at 50 per French franc from 1958 to 1994 (similarity 0.84)
• The CFA franc’s real purpose was draining colonial wealth to France. (similarity 0.83)
• CFA notes and coins are still manufactured in France. (similarity 0.83)
• The CFA franc’s parity was set without regard for local economic realities (similarity 0.83)
• CFA franc’s real aims were draining colonial wealth into France, not African progress. (similarity 0.83)
• CFA francs are non-convertible among the three African franc-zone sub-units (similarity 0.83)

Broader Connections

• France introduced the CFA franc to several African colonies in 1945 #corroborates (0.90) — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 23