Episode Details

Part two of the CFA franc series. If you haven't heard part one, go back and listen first this one picks up straight after it.

A man stands in a stadium in front of Charles de Gaulle and says no. Two years later his country's currency has been counterfeited into collapse. Another man is shot dead outside an embassy while quietly building his own central bank. And one January morning in 1994, fourteen nations lose half their savings overnight by a phone call from Paris.

In this episode you will discover:

• What actually happened to the men who tried to leave the CFA franc, and why every route out ran through a state that could be broken, bribed, or removed
• The morning in 1994 when the devaluation hit, and the brutal comparison between Ivory Coast's "stability" and Ghana's freedom to fail and rebuild
• Why France's central bank sits on the fourth largest gold reserve on Earth despite having almost no gold mines of its own and why Bitcoin is the first genuine way out in eighty years that doesn't need a government's permission

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