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The Sahelian Record's avatar

Great work,In depth as always. In Toby Greene's Book a fistful of shells he covers the unequal exchange in coastal trade and devaluation of cowries by European powers dumping them en mass on the coast in the later years of trans Atlantic trade, this raises the question; how did currency regulation occur in the various west African states, did they have a formalized fiscal policy. I know the mansas used the gold monopoly to prevent inflation and regulate the gold flow but what about it states that lacked regular access to gold. How was the cloth currency regulated or are commodity currencies a different ball game?

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