Merrino, S;
(2021)
Currency and settler colonialism: the Palestinian case.
Review of International Political Economy
, 28
(6)
pp. 1729-1750.
10.1080/09692290.2020.1803951.
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Abstract
This paper aims to shed new light on the international dimension of monetary power by exploring currency policy as a systematic tool of settler colonialism. The latter is defined as a mode of domination whereby an exogenous hegemonic power aims to displace and dispossess the native society in order to establish a new permanent homeland. These arguments are developed by exploring the case of Israeli currency circulation in the occupied Palestinian territories. To this purpose, the heterodox critique of the classical theory of money is employed to provide a fresh geopolitical reading of the origins, evolution, implications, and continued viability of a so-called ‘settler currency.’ It is found that Israel’s settler colonial project has been expedited by the enforced shekelization of the oPt, in that the latter not only acts as a barrier to industrialization and economic liberation in line with other hegemonic institutions, but also offers a sophisticated tool for coercion that directly assists the hegemon’s political ends. It follows that a settler colonial currency represents a multifaceted vehicle that facilitates the settler state’s reproduction.
Type: | Article |
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Title: | Currency and settler colonialism: the Palestinian case |
Open access status: | An open access version is available from UCL Discovery |
DOI: | 10.1080/09692290.2020.1803951 |
Publisher version: | https://doi.org/10.1080/09692290.2020.1803951 |
Language: | English |
Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
Keywords: | Money, power, colonialism, currency policy, hegemony, Palestine |
UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES |
URI: | https://discovery.ucl.ac.uk/id/eprint/10110286 |
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