Ibrahim Traoré announces new national currency, the SIRA, in Burkina Faso.
Burkina Faso, under the leadership of Captain Ibrahim Traoré, recently announced the introduction of a new national currency, the SIRA, as part of an effort to reinforce the country’s economic sovereignty.
This initiative includes the creation of the Treasury Deposit Bank (BDT), which will allow Burkina Faso to conduct financial transactions independently of the Central Bank of West African States (BCEAO) and France, paving the way for the abolition of the CFA franc.
In parallel, Burkina Faso, Mali and Niger have formed the Alliance of Sahel States (AES), a confederation aimed at strengthening regional cooperation and economic autonomy. One of the goals of this alliance is the creation of a common currency, backed by gold reserves, to replace the CFA franc.
This move is seen as a significant step towards financial independence and a reduction in external influence on the monetary policy of these countries. In addition, the three countries announced the introduction of biometric passports bearing the AES logo, with the aim of harmonizing travel documents and facilitating the mobility of citizens around the world. This measure follows the joint decision to withdraw from the Economic Community of West African States (ECOWAS), reflecting a strategic shift in the quest for greater regional autonomy.
These initiatives reflect a concerted effort by the Sahel countries to consolidate their economic and political sovereignty, moving away from post-colonial structures and strengthening regional cooperation for sustainable development and stability.
Tags: Currency, Ibrahim Traoré, SIRA
Tags: Abs actress actress career Alejandro Triana Trevez all us states america usa american press american social media anitta audiences beach Betsy Arakawa Bianca Andrade brazil brazilian Brazilian Day Bruno Mars companies Cuban Currency deaths Denzel Washington Developer Diddy Die With A Smile donald trump Dstv Election Emmanuel TV entertainment entertainment companies Europe federal government finance financial financial market financial planner Fire Gene Hackman Gol Gotv government government military Graduation Gym Hong Kong HongKong HongKong Post Ibrahim Traoré Integration investors israel isro Jaguar Jaguar Land Rover Japanika Joseph Boakai Júlia Wandel Lady Gaga Land Rover lexe luna Lexi Luna Lexi Luna biography Lexi Luna photos Liberia lidiane lidiane machado lixe luna luna lexi Maha Kumbh Mela Maha Kumbh Mela festival Malaika Arora Mansion Market Marlene Soares McCann media platforms Meta MGM MGM Resorts military military strategy model model online model photography NEON EVM New Mexico New York Notable Brazilian Awards online audience Oprey osprey crash performances philanthropic photo photo shoot policy popular social media popular social media platforms Post pragyan President of Liberia Process Putin Rains Rains in Brazil raping Release Resorts russian Santa Fe seguro Shaheen-X shiv shakti shiv shakti point Shoes shoot showbiz SIRA social justice social media social media platforms social networking platforms states states of america tariff war Teacher The Equalizer The Equalizer 3 the united states Times Square Tiwi Islands troops trump Trump administration ukraine United States united states of america united states states united states united states Us marines us states usa usa companies usa country usa states volodymyr zelensky War white house who is zaawaadi Yasmin Brunet zaawaadi 2025 zaawaadi actress zaawaadi age zaawaadi bio Zaawaadi biography Zaawaadi career Zaawaadi kenya zaawaadi model zaawaadi nationality zaawaadi photo zaawaadi real name zaawadi actress zaawadi age zaawadi bio zawaadi bio zawaadi biography zawaadi kenya
