Facing journalists, the Burkinabè head of state was quizzed on the gradual construction of shared institutions among Burkina Faso, Mali and Niger. Following strides in military, diplomatic and financial areas, the establishment of a distinct currency for the three nations stands out as one of the most delicate matters.

When asked whether an AES currency might emerge soon, Ibrahim Traoré offered no date, no name and no launch mechanism. He merely encouraged watching for upcoming developments.

At this stage, none of the three states has released an official timeline detailing an exit from the CFA franc, a transition period or the specifics of creating a joint central bank. Information circulating on social media about already-printed notes or an imminent rollout should therefore be treated with caution.

Authorities in the AES area have already refuted several announcements attributing monetary decisions to the Confederation that had not been officially adopted.

Monetary sovereignty remains a political aim

Although Ibrahim Traoré did not provide a timeline, he does not shut the door on a dedicated currency. The Burkinabè president has repeatedly framed economic and financial sovereignty as an extension of the cooperation with Mali and Niger. In this context, the monetary question goes beyond simply creating banknotes, as it involves managing reserves, exchange rate policy, financing economies and ensuring price stability.

A potential departure from the current system would also require institutions capable of conducting a shared monetary policy and building confidence in the new currency. The AES has already begun developing some common financial instruments, notably through mechanisms aimed at supporting investments and structural projects across the three states.

These arrangements can be seen as components of broader economic integration, without proving that a common currency is ready for launch. Moving to a dedicated currency would represent a far more complex step, with repercussions for banks, businesses, cross-border trade, contracts, savings and public finances.

For now, the three countries continue to use the CFA franc of the West African Economic and Monetary Union. No official decision has been made public regarding a withdrawal date, a conversion rate to any new currency or a period during which both currencies might coexist.