35

The project of financial inclusion is supposed to be achieved thanks to the adoption of mobile money by the poorest. However, this leads to the weakening of the character of money as a public good, and to a privatization of payment infrastructures, which have an impact on social relations, of which money is a primary medium. Moreover, the project of financial inclusion serves a mostly individualistic and market-led vision of development. The implementation of local currencies brings an interesting counterpoint to this approach. We question the implications of these two forms of monetary innovation for development. Classification JEL: E26, O17, O23, O35