The Peg & the Price of Sovereignty

Africa’s currency “pegs” — tying national money to the U.S. dollar or euro — are sold as stability, but in reality, they anchor African economies to foreign priorities. This system benefits outside investors by eliminating currency risk; but it costs Africa control over its own monetary policy, industrial growth, and trade competitiveness.

Breaking free from dependency means building regional reserves, settling more trade within Africa, and designing currencies that serve African production cycles — not foreign markets. The peg wasn’t built for Africa to win. The question is: whose stability are we protecting, and whose future are we building?