Mali, Burkina Faso, and Niger are set to launch a new currency, moving away from the CFA franc.
This bold move aims to assert economic independence and break free from colonial ties.
On February 11, 2024, General Abdourahmane Tiani, head of Niger’s military junta, announced the plan to create a joint currency. He highlighted that this step would help these countries shed the colonial legacy tied to the CFA franc.
These nations, all former French colonies, have recently undergone military coups and now share a defense pact, the Alliance of Sahel States (AES).
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