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West African nations adopt single currency; Eco

*ECOWAS, the Economic Community for West African States have adopted a single currency named Eco, which it plans to launch by 2020.*

Eco was adopted on Saturday in Abuja in a meeting of the 15 member-country regional bloc.

Discussed for thirty years, this single currency between the 15 countries that make up the ECOWAS – eight of which use the CFA franc, pegged to the euro according to a fixed parity guaranteed by France, former colonizer of the region – is seen as a gamble risked by many ana…
READ MORE : http://www.africanews.com/2019/06/30/west-african-nations-adopts-a-single-currency-eco

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