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West Africa: Is Eco Currency Just an Echo of the Colonial Past?
ISS, 24 January 2020
The decision by eight mainly Francophone West African countries to abandon the CFA currency they have used since before their independence from France has been widely trumpeted as… Read more »
West African States Mired in Controversy Over 'Eco' Currency
English-speaking members of the Economic Community of West African States (ECOWAS), plus Guinea, say renaming the French-backed CFA franc Eco "is not in line" with plans by the regional bloc to adopt a single currency. This comes after a recent announcement by Cote d'Ivoire President, Alassane Ouattara, that the West African CFA franc, used by the former French colonies of Benin, Burkina Faso, Ivory Coast, Mali, Niger, Senegal and Togo, as well as by Guinea-Bissau, would be replaced with a new currency - called the Eco in 2020.
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Gambia: Is the ECO Going to Be the Currency of the Gambia Before the End of January 2020?
Foroyaa, 13 January 2020
Many people have been approaching Foroyaa to explain what is not clear to them about a new currency called the eco. They claim that they have heard news of the CFA being converted… Read more »
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Africa: Six West African Countries Reject 'Eco' Currency
Daily Trust, 17 January 2020
The six member countries of the West African Monetary Zone (WAMZ) comprising Nigeria, Ghana, Gambia, Guinea, Liberia and Sierra Leone, have rejected the adoption of 'Eco' as the… Read more »
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West Africa: CBL Tarlue Reaffirms Liberia's Commitment Single Currency
New Dawn, 20 January 2020
The Executive Governor of the Central Bank of Liberia (CBL), J. Aloysius Tarlue, Jr, has reaffirmed Liberia's commitment to joning the West African region's single currency… Read more »
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West Africa: States Mired in Controversy Over 'Eco' Currency
DW, 18 January 2020
Anglophone ECOWAS members have criticized plans by the bloc's French-speaking states to change the CFA franc's name to 'Eco'. ECOWAS had planned to launch a common currency under… Read more »
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West Africa: CBL Governor Tarlue Reaffirms Liberia's Commitment to ECOWAS Monetary Program
Liberian Observer, 20 January 2020
The Executive Governor of the Central Bank of Liberia (CBL), J. Aloysius Tarlue, Jr, accompanied by delegation from the CBL, attended the Extra-Ordinary Meeting of Ministers of the… Read more »
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West Africa: France's Currency War in West Africa
Vanguard, 7 January 2020
On Saturday, December 21, French President Emmanuel Macron and his Ivoirian counterpart, Alassane Ouattara, announced a package of "historic reforms" of the 70-year CFA monetary… Read more »
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Ghanaian Times, 3 January 2020
Government has raised concerns over the decision by the Monetary Union of West Africa (UEMOA) to fix the new ECO currency to the Euro. Read more »
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Nigeria: Nigeria Shouldn't Be Rushed Into 'Eco' Currency, Says Rewane
This Day, 3 January 2020
A member of President Muhammadu Buhari's Economic Advisory Council (EAC), Mr. Bismarck Rewane, thursday cautioned the federal government against allowing itself to be stampeded… Read more »
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West Africa: Eco a Great Idea - AfDB President
Premium Times, 31 December 2019
President of the African Development Bank, Akinwunmi Adesina, has said that the biggest thing to happen to Africa is the African Continental Free Trade Area (AfCFTA), saying the… Read more »
InFocus
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The Nigerian government has said that it is studying the pending launch of Eco a single currency proposed for use by the Economic Community of West African States, ECOWAS. Eight ... Read more »
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The ECOWAS commission has adopted the Eco as the single currency to be issued in January 2020. The idea of the single currency for the West African region was first mentioned ... Read more »
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Eight countries have agreed to change the name of their common currency to the Eco, finally cutting ties with the CFA franc. The Eco will still be pegged to the Euro but the rule Read more »
