this post was submitted on 11 Feb 2024
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chapotraphouse

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[–] zifnab25@hexbear.net 45 points 2 years ago (2 children)

Having a gold reserve means you're not exposed to a fluctuating foreign exchange rate or SWIFT sanctions cutting off your ability to borrow.

Niger can get away with it most of all because they have so much to mine. An expansionary gold supply solves the problem of growing your currency at the pace of your economy.

So it's not as bad idea on its face as it is in theory.

[–] zed_proclaimer@hexbear.net 30 points 2 years ago (1 children)
[–] zifnab25@hexbear.net 8 points 2 years ago (1 children)

Guh. Got this crossed with the other coup leader.

[–] zed_proclaimer@hexbear.net 21 points 2 years ago (1 children)

You aren’t totally wrong though, Traoré is the de facto leader of the entire Alliance of Sahel States (ASS) in addition to being the leader of Burkina Faso.

Mali, Niger and Burkina Faso form ASS, an impromptu anti-colonial alliance formed to oppose ECOWAS, France, Nigeria and ISIS/Western backed jihadists. They are aligned with Russia.

https://en.m.wikipedia.org/wiki/Alliance_of_Sahel_States

Alliance of Sahel States (ASS)

Imma need them to team up with the Moro Islamic Liberation Front (MILF) 🥵🥵🥵

[–] Xx_Aru_xX@hexbear.net 19 points 2 years ago

Niger

oooooh wrong country