After 64 years of independence, Burkina Faso is making a historic stride by inaugurating its first national bank, which will also serve as the central bank. This bold initiative is the brainchild of Captain Ibrahim Traoré, who has once again demonstrated visionary leadership.
In addition, Burkina Faso has established a Treasury Deposit Service, signaling the beginning of the end for the CFA franc in the Sahel region. Captain Traoré confidently stated, “From now on, there will be no more exporting of gold to foreign countries for processing. Burkina Faso’s gold will be used to support the country’s currency.”
This decision heralds a new era for Burkina Faso’s economy, which is now moving towards greater financial autonomy and increased valuation of its natural resources.
