AFRICA: Eight West African Countries & the CFA Franc
By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- SENEGAL, eight West African countries to Abjure their currency reserves from the French Central Bank, this has beflood considerably in the African continent; which some school’s of taught envisage the move having implications on the French economy is fraughted with political ramifications. In addendum, the move also comes with the decision to substitute the CFA franc – the euro-linked currency used in fourteen West and Central African countries – with new common West African currency, named ECO. Precisely, these eight West African countries which include, Benin, Togo, Burkina Faso, Mali, Senegal, Ivory Coast, Niger and Guinea Bissau had gained independence years ago, they continued to vest their foreign...
Posted On 16 Nov 2019
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