Niger, Mali, and Burkina Faso, whom referred themselves as the "Alliance of Sahel States" or (Sahel Alliance)all countries in West Africa, have indicated their plans to 
abandon the CFA franc (XOF) and create a new currency, which they aim to introduce in 2025.
This decision follows their increasing desire for economic independence and a break from French influence, which has historically been associated with the CFA franc.
The proposed new currency is seen as a symbol of regional solidarity and autonomy, particularly given the political and economic challenges faced by the region.
The move to drop the CFA franc comes after a series of military coups in these countries and tensions with France. The leaders of these nations argue that the CFA franc, which is linked to the euro and has been managed by France, restricts their financial sovereignty.
The three countries are working towards creating a currency that would be more flexible to their needs and would enhance regional cooperation.
The new currency is expected to be a significant step in reshaping the economic and political landscape of the region. However, the transition will likely face challenges, including issues of economic integration, currency stability, and the potential for resistance from both local populations and external actors.
