Burkina Faso, Mali and Niger hint at a new west African currency: what it’ll take for it to succeed (theconversation.com)
from cyu@sh.itjust.works to world@lemmy.world on 17 Mar 2024 15:46
https://sh.itjust.works/post/16379592

#world

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blackfire@lemmy.world on 17 Mar 2024 17:39 next collapse

This sounds like setting up a whole load of infrastructure is really expensive and more work than they really should be going through. They need to stabalise their existing economies not throw them in a blender for a couple of years

HenriVolney@sh.itjust.works on 17 Mar 2024 20:10 next collapse

Don’t worry! Russia will gladly give a hand. Let’s name the new currency the West African Rubble!

jwt@programming.dev on 17 Mar 2024 22:09 collapse

Yes, excellent name! I wonder what one WAR would do on the currency market.

Badeendje@lemmy.world on 18 Mar 2024 18:41 collapse

These are the leaders that took over their countries with a military coup, now Limited by the amount of financial fuckery they can do because their currencies are maintained by the French central bank.

This has nothing to do with freedom, or economy but with military dictators wanting more freedom to loot the coffers. So the consequences to the country are irrelevant.

Linkerbaan@lemmy.world on 19 Mar 2024 04:25 collapse

Make it a crypto like in El Salvador. That worked really well right