What currency does Burkina Faso use?

The three countries and five others in the region currently use the West African CFA franc, a currency which is pegged to the euro and which critics see as a relic from French colonial rule. Burkina Faso's military leader Ibrahim Traoré also discussed his vision for closer ties with Mali and Niger in a speech on Sunday night.

What is Zimbabwe's new currency?

The ZiG replaces a Zimbabwean dollar, the RTGS, that had lost three-quarters of its value so far this year. Annual inflation in March reached 55% - a seven-month high. Zimbabweans have 21 days to exchange old, inflation-hit notes for the new currency.

Could Niger create a common currency with Burkina Faso and Mali?

On 11 February 2024, the head of Niger’s ruling military junta, General Abdourahmane Tiani, spoke of the possible creation of a common currency with Burkina Faso and Mali. “The currency is a first step toward breaking free from the legacy of colonisation,” he said on national TV, referring to the CFA franc inherited from French colonisation.