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21 December 201922.01 Eight of the 15 West African countries ('Ecowas' economic community: Benin, Burkina Faso, Ivory Coast, Guinea Bissau, Mali, Niger, Senegal, Togo) with France end the CFA franc. 'Eco' is the new single currency, in force since July 2020. It is a historic turning point. It is also the end of the centralization of 50% of the reserves in the French Treasury. And "it will put an end to the allegations about the CFA franc", says the Elysée. Italy accused Paris, with the colonial franc, of not allowing development and causing the escape of the desperate in search of fortune.