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Mali, Burkina Faso and Niger likely to leave the UEMOA

There is a possibility that the Alliance of Sahel States(AES), consisting of Mali, Niger and Burkina Faso, can withdraw from another sub-regional organization, the West African Economic and Monetary Union(UEMOA). 

There is a possibility that the Alliance of Sahel States(AES), consisting of Mali, Niger and Burkina Faso, can withdraw from another sub-regional organization, the West African Economic and Monetary Union(UEMOA).

On 28 January, the AES declared its exit from the Economic Community of West African States (ECOWAS). The reason cited for the withdrawal was the lack of support provided by ECOWAS when AES needed it the most.

Additionally, AES claimed that ECOWAS had deviated from its core values of Pan-Africanism.

On Sunday (11 February), General Tchiani of Niger alluded to the fact that the trio can leave the monetary union and start their currency, saying the AES countries have “monetary experts” and “currency is a sign of sovereignty”.

The UEMOA is a sub-regional group in Africa that still uses the CFA franc. This currency is also used in Central Africa and was originally implemented in French colonies. Despite the passage of time, the CFA franc remains in use to this day.

To reclaim their sovereignty, the AES believe that it is time to create their own currency and that would have to involve the exit from the UEMOA.

While the stance of Niger’s exit from the UEMOA is clear, Mali and Burkina Faso are yet to make firm stances on their future with the sub-regional bloc.

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