Quote from Ndubuisi Ekekwe on November 14, 2019, 8:42 AM

ECOWAS moves closer to ECO, the single West African currency, as CFA franc region disconnects their treasury from France. Samuel Nwite explains how this redesign is shaping the region especially in this period of border closure!

"When the CFA franc was created in 1945, it was pegged to the French currency then, the French Franc (FF). The CFA franc continued to be used until recently when members of the Francophone region decided to create something that will represent freedom from colonialism.

"There are now two different versions of it: the CFA franc of the West African Economic and Monetary Union (WAEMU), which has eight member countries, and the one for Central African Monetary and Economic Community, which has six members". S. N.