This documentary asks one simple question: “Can a country be truly independent if its currency is still controlled by its former colonial oppressors?” By the end of World War II, European nations began giving varying levels of independence to their African colonies. Money, Freedom, a Story of the CFA Franc focuses on Africa’s ‘Franco-zone,’ countries that maintain French as a national language and have—until recently—been reliant on the Franc as currency. The documentary quickly traces the history of colonialism from the slavery period to WWII before examining the history of French “decolonization” through the 50s and 60s. By tying the success of these young nations to a flow of French currency, France maintained its hold over the economies of most of its overseas colonies until the Vietnam War. In the 70s came reforms without reformation that maintained the economic stranglehold France still has in its former colonies in Africa.
Using archival footage and recent interviews with African economists and politicians, Money, Freedom, a Story of the CFA Franc is a deep dive into varied economic and political ideals surrounding the economic liberty of Africa. France and other Western powers are known to have assassinated various African leaders throughout the mid-century. Patrice Lumumba was killed shortly after introducing the idea of a Pan-African currency to reject the economic control of Western nations. Several experts who bring different ideas to the table examine this and other events through an anti-colonial lens. Their demands are simple: Allow Africa true economic and governmental freedom. Those studying neocolonialism will get the most use out of this documentary. Still, Money, Freedom, a Story of the CFA Franc will also appeal to those interested in general economics or Africa’s history. This intriguing exploration into over a hundred years of economic exploitation and manipulation in Africa shows just how little decolonization has happened since reforms were announced in the 50s and 60s. Highly Recommended.
Where does this film belong on public library shelves?
Money, Freedom, a Story of the CFA Franc belongs on economic and African history shelves.
What type of college instructor could use this film?
Those teaching economics, foreign policy, and African history will find the most use in this documentary.