Tag: replacement of CFA franc
Africa Headlines International

Togo hosts convention on Eco, the future West African currency

North Africa PostComments Off on Togo hosts convention on Eco, the future West African currency

Nearly 200 guests are gathered in Lomé as of this Wednesday to discuss the transition from the CFA to the Eco new currency, decided on December 21, 2019 in Abidjan by the French and Ivorian presidents, Emmanuel Macron and Alassane Ouattara. The plan is for this currency to eventually replace the CFA franc in the […]
Africa Europe Finance Headlines International

West Africa to replace CFA franc; new currency pegged to the Euro

North Africa PostComments Off on West Africa to replace CFA franc; new currency pegged to the Euro

Côte d’Ivoire’s President Alassane Ouattara has announced that West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the financial links with Paris. The CFA will undergo three major changes, according to Ivorian President Alassane Ouattara. The name will change to Eco in 2020; France, would […]