Six West African Countries Reject Eco after WANZ summit in Abuja – Ecowas

Six West African countries have jointly criticized the changes of the regional CFA Franc currency to Eco, saying its not in line with what was agreed for the adoption of a single regional currency. These countries include: Gambia, Ghana, Guinea, Liberia, Nigeria and Sierra Leone and they said in a statement issued after talks in the Nigerian capital Abuja that he move “is not in line” with plans by the regional bloc ECOWAS to adopt a single currency also called the Eco This rebuke came after a major announcement that sought to turn the page on CFA franc perceived colonial-era connection Today, eight countries use the West African CFA franc — Benin, Burkina Faso, Ivory Coast, Mali, Niger, Senegal and Togo, which are former French colonies, as well as Guinea-Bissau, a former Portuguese colony. The December 21 announcement by Ivory Coast President Allisan Outtara and French President Emmanuel Macron applies only to the CFA franc that is used in West Africa but then, note should be taken that A parallel CFA franc is used by six other countries in central Africa. Its future, too, also faces questions as a result of this announcement in Abidjan. #Ecorejected #Ecocurrency

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