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This is an important historical and contemporary account of a largely forgotten colonial economy legacy. Pigeaud and Samba Sylla carefully explain how the monetary arrangements established under colonialism persist through the CFA franc currency that is still used in West and Central Africa. The CFA was historically pegged to the French franc, and is now pegged to the Euro. While France guarantees the unlimited convertibility of CFA Franc into Euros, the arrangement requires the African regional central banks to deposit a portion of their foreign exchange reserves in a French Treasury account. As social movements are increasingly protesting this colonial arrangement, this book is a much-needed rigorous account of its history and contemporary impact. Crucially, the book is a stark reminder that decolonisation is unfinished business. Read the authors’ summary of the main arguments of the book in their recent post for Jacobin.