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Home › Working Papers › monetary systems

Keyword: monetary systems

The Curious Incident of the Franc in the Gambia: Floating Exchange Rates and the British Imperial Monetary System in the 1920s

Leigh Gardner

Posted in Working Papers

In 1922, the British colonial administration in the Gambia demonetized the French five franc coin, which had been legal tender since 1843. The cost of the demonetization was equal to a year’s...
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From Cowries to Mobile Phones: African Monetary Systems since 1800
Posted in Textbook

Effective monetary and financial institutions are a key to economic development. This chapter reviews the history of African monetary systems during the nineteenth and twentieth centuries, tracking the shift from commodity currencies...
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