ECO: West Africa Renames CFA Franc But Keeps It Pegged To Euro

ABIDJAN (Reuters) – The West African Economic and Monetary Union has reached an agreement with France to make changes to the CFA franc, Ivorian President Alassane Ouattara said on Saturday, in a shift away from the former colonial power. Under the agreement, the currency remains pegged to the euro and will be renamed the ECO. […]

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