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.

摘要

本文旨在通过将货币政策作为定居者殖民主义的系统工具来探索货币权力的国际维度。后者被定义为一种统治模式，外生霸权旨在取代和剥夺本土社会，以建立一个新的永久家园。这些论点是通过探讨以色列货币在巴勒斯坦被占领土上流通的案例而发展起来的。为此，对经典货币理论的异端批判被用来提供对所谓“定居货币”的起源、演变、影响和持续生存能力的全新地缘政治解读。发现以色列的定居者殖民计划因被占领土的强制谢克尔化而加速，因为后者不仅与其他霸权机构一样是工业化和经济解放的障碍，而且还提供了一种复杂的强制手段，直接有助于霸权的政治目的。因此，定居者殖民货币代表了促进定居者国家再生产的多方面工具。