{"pk":54275,"title":"When Unification Creates Hierarchies or, The Deadly Life of Currency Unions","subtitle":null,"abstract":"The picture of holding the same money in our hands across borders has time and again served as a symbol of unity, while its divisive potential often disappears behind a veil of hope. Real monetary solidarity—the necessary flip side of Pan-African trade and development—requires more than a simplistic plaster of neoliberal currency unions. The time is now to counter the US dollar dominance, and discussions of South-South monetary solidarity are many—from the Pan-African Payment and Settlement System (PAPSS), the West African eco, the East African Monetary Union (EAMU), to a potential sur in Latin America and a move away from the petrodollar system. This contribution outlines a continuum of monetary unification systems and stresses the fundamental nature of political commitment to solidarity across monetary, productive, social, and political frontiers in order to achieve monetary unification as a stepping-stone to Pan-African unity.","language":"en","license":{"name":"","short_name":"","text":null,"url":"https://creativecommons.org/licenses/by-nc-sa/4.0"},"keywords":[{"word":"Pan-Africanism, monetary sovereignty, currency unions, African payment systems, monetary delinking"}],"section":"Symposium","is_remote":true,"remote_url":"https://escholarship.org/uc/item/0fh129hz","frozenauthors":[{"first_name":"Carla","middle_name":"","last_name":"Coburger","name_suffix":"","institution":"","department":""}],"date_submitted":"2023-12-07T19:43:00Z","date_accepted":"2023-12-07T19:43:00Z","date_published":"2023-12-07T08:00:00Z","render_galley":null,"galleys":[{"label":"","type":"pdf","path":"https://journalpub.escholarship.org/lawandpoliticaleconomy/article/54275/galley/41011/download/"}]}