Issues Order To Ban Gold Export and Use It To Back Up Currency

Issues Order To Ban Gold Export and Use It To Back Up Currency

August 4, 2024

We Love Africa

Burkina Faso’s President, Ibrahim Traore Issues Order To Ban Gold Export & Use it To Back Up Currency!

Did you know that almost all African countries with the largest gold reserves export all their gold? In other words, foreign companies, mostly Western, come to African countries, mine gold and take it with them to their countries. In return, a small fraction is paid instead of sharing profits and offering pure gold.

That’s why most African countries struggle to stabilize their economies; their resources are being stolen. But guess what? The president of Burkina Faso, Ibrahim Traore has risen to challenge the West and their exploitative tactics. Just recently, he has issued an order that bans all gold exports.

Instead, Burkina Faso will own this gold and will use it to back up its currency. In this way, Burkina Faso’s currency will become the only one in the world that will be pegged by gold and, therefore, will become most valuable. But how has Ibrahim Traore banned gold exports and how the West is responding, after its gold markets got shaken?

Let’s know about that in this video.

Original: https://youtu.be/Q4ua_QggyLA

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