Tag: West Africa Monetary Zone
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Renaming CFA as Eco was a unilateral decision — ECOWAS’ Finance Ministers, central bank governors declare
The Finance and Economy Ministers, as well as Governors of central banks in West Africa, have denounced the recent decision by the Ivorian President, Alassane Ouattara, to rename the CFA franc as the ECO — the name of the single currency planned for the sub-region. A communique issued after an extraordinary meeting of the group…