Creation of a common currency : The AES will no longer be « a cash cow for France »
Exiting the CFA zone is likely the next step that the countries of the AES, Burkina Faso, Mali, and Niger, will take in their march towards full sovereignty.
The topic is timely, especially as these countries no longer belong to the sub-regional bloc, ECOWAS, which was an institution keeping them in a form of colonization worse than that of the colonial period itself.
It is worth noting that ECOWAS, now an instrument of France, has in recent years been a burden for the AES, which only fault is to break free from French domination and ensure a safer and economically developed Sahel for the people.
The question of abandoning the CFA franc and creating a currency specific to the AES has been discussed by the leaders of this region in recent days. Burkinabe President Captain Ibrahim Traoré emphasized, « all ties that keep their countries in servitude will be broken ».
According to General Tiani, the Head of State of Niger, the creation of a common currency for the AES is a « step towards exiting this colonization ». The Nigerien leader believes that true sovereignty is attained through currency. And the three countries have the necessary means and experts to make this vision a reality.
For now, the Sahelian bloc is considering the creation of a Stabilization Fund and an Investment Bank in accordance with the recommendations of the ministers of economy and finance of the AES, a step towards a single currency for the Sahelian group.
