The head of the military junta in power in Niger spoke on Sunday February 11 of the possible creation of a common currency with Burkina Faso and Mali. “Currency is a step out of this colonization”declared Nigerien general Abdourahamane Tiani on Nigerien national television, referring to the CFA franc.
Niger, Mali and Burkina Faso, three former French colonies now ruled by military regimes, grouped within the Alliance of Sahel States (AES), “have experts [monétaires] », continued the general. And to add: “At the appropriate time, we will decide. »
“Currency is a sign of sovereignty”and the AES States are “engaged in a process of recovery of [leur] total sovereignty »he added, assuring: “There is no longer any question of our States being France’s cash cow. » The Nigerien leader did not, however, give details on the possible circulation of a future currency.
This could, within the AES, replace the CFA franc, currently common to the eight member countries of the West African Economic and Monetary Union (UEMOA), including Niger, Burkina Faso and Mali. part.
The strong criticism formulated by these three Sahelian countries and their supporters against the CFA franc could also lead them to leave UEMOA. In November, the AES ministers of economy and finance notably recommended the creation of a stabilization fund and an investment bank.
General Tiani made these remarks two weeks after the withdrawal of Mali, Burkina Faso and Niger from the Economic Community of West African States (ECOWAS, 15 countries), which they accuse of being exploited by France.
ECOWAS opposed military coups in the three countries and notably imposed heavy economic sanctions on Mali, before applying them to Niger. In August, it went so far as to threaten military intervention in Niger to restore constitutional order and free the ousted president Mohamed Bazoum, still in confinement.