{"id":156693,"date":"2025-05-12T13:30:00","date_gmt":"2025-05-12T10:30:00","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=156693"},"modified":"2025-05-12T13:30:00","modified_gmt":"2025-05-12T10:30:00","slug":"brics-inspired-currency-west-africas-grand-idea-fades-without-a-trace","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/brics-inspired-currency-west-africas-grand-idea-fades-without-a-trace\/","title":{"rendered":"BRICS-Inspired Currency? West Africa&#8217;s Grand Idea Fades Without a Trace"},"content":{"rendered":"<p>It was <strong><a href=\"https:\/\/theconversation.com\/burkina-faso-mali-and-niger-hint-at-a-new-west-african-currency-what-itll-take-for-it-to-succeed-225517\" target=\"_blank\" rel=\"nofollow\">framed<\/a><\/strong> as a symbolic and practical step toward sovereignty, echoing the ambitions of the BRICS bloc. Yet nearly a year after the announcement, progress is absent, and momentum appears to have vanished.<\/p>\n<p>The proposed currency was introduced by military-led regimes following a string of coups across the Sahel region. Leaders described it as a foundational move toward economic independence and post-colonial liberation. Alongside the monetary proposal, they also formed the Alliance of Sahel States (AES), a regional defense pact reflecting shared interests and ideologies.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-miners-show-restraint-as-price-eyes-new-highs\/\" title=\"Bitcoin Miners Show Restraint as Price Eyes New Highs\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/09\/bitcoin-mining-pool_orig-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Miners Show Restraint as Price Eyes New Highs<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>But ambition alone doesn\u2019t mint money. In reality, creating a functioning sovereign currency requires not only political unity but robust financial infrastructure, international trust, and institutional capacity \u2014 all of which the three nations currently lack. With their own economies under pressure and local currencies unstable, the idea now seems more symbolic than actionable.<\/p>\n<p>Despite drawing inspiration from BRICS, even that larger coalition \u2014 backed by economic giants like China and India \u2014 has struggled to introduce its own joint currency. For Burkina Faso, Mali, and Niger, whose financial systems remain fragile and largely dependent on external aid, the challenge is exponentially greater.<\/p>\n<p>For now, the grand vision of a new West African currency remains just that \u2014 a vision. Without transparency, collaboration, or real economic groundwork, it risks joining the long list of political declarations that never moved beyond the headline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Burkina Faso, Mali, and Niger once signaled a bold shift \u2014 a new currency designed to sever ties with the U.S. dollar and the French-controlled CFA franc.<\/p>\n","protected":false},"author":3,"featured_media":80893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-156693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BRICS-Inspired Currency? 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