The Challenge Ahead as West Africa Quits CFA franc for Eco

The anticipated abolition of the C.F.A in West Africa has come into play following an agreement between France and its West African states users. The agreement has been to rename the CFA with a West African regional currency – Eco, and cut off its entire financial links to France. This was announced a few days ago by the Ivorian president, Alassane Dramane Ouattara, following an agreement between France and the concerned West African States, in Abidjan, Ivory Coast capital. The C.F.A stood for the ‘French Colonies of Africa’ when the then colonial power introduced the currency in 1945, though it … Continue reading The Challenge Ahead as West Africa Quits CFA franc for Eco