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Vers une monnaie commune des pays de l’AES basée sur les ressources : approches théoriques et aspects pratiques
[Towards a common currency of the AES countries based on resources: theoretical approaches and practical aspects]

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  • NENOVSKY, Nikolay
  • BONDI, Gildas

Abstract

This article aims to examine the theoretical foundations and practical aspects underlying the creation of a common currency based on natural resources, within the space of the Alliance of Sahel States (AES). On July 6, 2024, in Niamey, the leaders of Mali, Burkina Faso and Niger signed the constitutive act of the Confederation of Sahel States, which at the same time confirms the exit of the three countries from the Economic Community of West African States (ECOWAS). The new Confederation of the AES decided, among other things, the creation of an investment bank and the establishment of a stabilization fund. From then on, the hypothesis of the imminent adoption of a currency common to this confederation becomes plausible. It is then interesting from a scientific point of view to see by what mechanisms this new currency would be guaranteed by natural resources from the AES countries.

Suggested Citation

  • NENOVSKY, Nikolay & BONDI, Gildas, 2024. "Vers une monnaie commune des pays de l’AES basée sur les ressources : approches théoriques et aspects pratiques [Towards a common currency of the AES countries based on resources: theoretical appro," MPRA Paper 121439, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:121439
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    References listed on IDEAS

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    5. Aman, Moustapha & Nenovsky, Nikolay, 2022. "Monetary stability and regional currency board: towards a two-tier system to accelerate regional integration in the Horn of Africa: a policy proposal," MPRA Paper 115605, University Library of Munich, Germany.
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    More about this item

    Keywords

    Alliance des Etats du Sahel; création monétaire commune; monnaie ressources naturelles;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market

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