Share
21 December 2019 Eight West African countries, together with France, have decided to end the CFA franc which will give way to a new single currency, Eco. The initiative was announced by the Ivorian president, Alassane Ouattara, from Abidjan, together with the visiting French president Emmanuel Macron. "We have decided on a reform of the CFA franc with three main changes, including the name and the end of the centralization of 50% of the reserves in the French Treasury," explained Ouattara.Satisfaction expressed also by Macron who celebrated a "great historical reform", greeting the arrival in 2020 of the Eco, a new common currency for eight of the fifteen Ecowas countries, the economic community of West Africa (Benin, Burkina Faso, Ivory Coast, Guinea Bissau, Mali, Niger, Senegal, Togo).
In Paris, the Elysium also informed Bfm-TV that the end of the CFA franc will put an end to "all the allegations about this currency".
Huit pays d'Afrique de l'Ouest remplaceront le franc CFA par une nouvelle monnaie à partir de juillet 2020https: //t.co/qrFgDMJEXy pic.twitter.com/KoIjjIkaTU
- BFMTV (@BFMTV) December 21, 2019