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<https://data.africamultiple.uni-bayreuth.de/resource/29927>
    a fabio:JournalArticle ;
    rdfs:label "Imperial money and the making of currency hierarchies : evidence from Nigeria" ;
    dcterms:title "Imperial money and the making of currency hierarchies : evidence from Nigeria" ;
    dcterms:type <https://data.africamultiple.uni-bayreuth.de/resource/30612> ;
    dcterms:identifier "eref-96937", "http://www.wikidata.org/entity/Q141738675", "Q141738675" ;
    owl:sameAs <http://www.wikidata.org/entity/Q141738675> ;
    bibo:uri <https://eref.uni-bayreuth.de/id/eprint/96937/> ;
    bibo:doi "10.1080/09692290.2025.2542204" ;
    schema:sameAs <https://doi.org/10.1080/09692290.2025.2542204> ;
    bibo:issn "1466-4526" ;
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    bibo:volume "33"^^xsd:integer ;
    bibo:issue "1"^^xsd:integer ;
    bibo:pageStart "98"^^xsd:integer ;
    bibo:pageEnd "130"^^xsd:integer ;
    dcterms:date "2026"^^xsd:gYear ;
    bibo:abstract "The contemporary currency hierarchy is neither natural nor neutral: It’s an imperial construct. This paper traces the origins of today’s currency hierarchy back to the violent imposition of imperial money. Through a longue durée analysis of Nigeria (1861–1960), this paper demonstrates how British imperialism dismantled pre-colonial monetary plurality and imposed Sterling, institutionalised in 1912 via the West African Currency Board (WACB), an institution requiring 100% Sterling reserves. Archival evidence reveals three mechanisms to establish imperial money: (1) legal demonetisation of pre-colonial currencies; (2) overvalued Sterling distorting domestic prices; (3) tax collection and wage payment. These processes restructured labour and production across the colonised regions, birthing a disarticulated economy, where Nigeria exported raw materials and cash-cropss but relied on imports for basic needs - a template replicated globally then and now. Key findings include first, how imperial money’s monopoly relied on violent demonetization; second, the WACB’s reserves prefigured modern foreign exchange traps; and last, people have continuously resisted to preserve monetary sovereignty. By reframing currency hierarchies as products of imperial extraction, the study challenges IPE’s presentist focus and charts a path for decolonial monetary alternatives."@en ;
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    dcterms:license <https://creativecommons.org/publicdomain/zero/1.0/> .
