Money in South-Central Africa, 1890–1931: Africans, Imperial Sterling, and Colonial Economy-Building

Abstract

AbstractIn South-Central Africa, British mining companies shadowed colonial monetization in an assertive and coercive manner. In the emerging settler states, African money users were obliged to adjust to colonial money for the payment of tax and transactions. Yet they often found it difficult to obtain access to colonial currency. Company rule in the region was initially closely connected to the South African economy, but currencies separated as a result of South Africa’s economy building in the 1920s. Nyamunda and Mseba tell the story of the struggles of African money users in engaging with colonial currency.