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West Africa renames CFA franc but keeps it pegged to euro

by Raymond Akamby

22 December 2019, 6:18 AM

West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the ...

The idea of a common currency for the West African region was first mooted almost 30 years ago in the hope of boosting cross border trade and economic development.

ECOWAS adopts ‘ECO’ as name for planned common currency

by Raymond Akamby

30 June 2019, 3:09 PM

Leaders of the member states of the Economic Community of West African States, known as ECOWAS, formally agreed Saturday to ...

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