• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Tuesday, June 24, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Foreign

Francophone West Africa abandon CFA Franc for Eco

The Matters Press by The Matters Press
December 23, 2019
Reading Time: 1 min read
0
Francophone West Africa abandon CFA Franc for Eco

CFA Franc

CFA Franc

Ahead of 2020 deadline for the adoption of a single currency in West Africa, eight French speaking countries are dumping CFA Franc.

RELATED POSTS

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

ECOWAS, Sahel states in deal to confront terrorism

Ivorian president Alassane Ouattara on December 21st said changes will take place to the CFA franc, a currency tied to the euro.

The is following an agreement between France and the West African Economic and Monetary Union.

The CFA franc, which is denounced by many as a colonial hangover, will be renamed ECO, the official name of ECOWAS single currency.

The agreement cancels a necessity to keep 50% of reserves in the French treasury.

France’s president on who was told of the decision on December 21st said France was often viewed as holding a “hegemonistic view” calling colonialism a “grave mistake and a fault of the Republic”.

During his visit to Ivory Coast, which houses troops of former colonial power France, Macron urged “turning the page” on the past.

Macron, in an interview in 2017, has apologised for France’s colonisation of Algeria, calling it a “crime against humanity.”

French Presido Emmanuel Macron don announce say eight West African kontries wey dey use CFA franc as moni go begin use ECO as di new currency starting from year 2020.

Di West African CFA franc wey pipo sabi as ‘franc cefa’ na di legal currency for Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo.

Di French goment bin introduce di CFA franc to dia colonies for West Africa for 1945 and na dis same currency wey get links to di former colonial masters for France, dis West African kontris still dey use until now.

Tags: CFA FrancECO
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
ECOWAS, Sahel states in deal to  confront terrorism
Foreign

ECOWAS, Sahel states in deal to confront terrorism

June 20, 2025
Tinubu denies manipulating NASS
Economy/Technology

Tinubu’s decision to press ahead with ongoing reforms, commendable-TMSG

June 20, 2025
Buhari urges Nigerians to maintain peace as he promises free, fair polls
Economy/Technology

TDF extols Buhari for supporting Tinubu’s reforms

June 19, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
News

Tinubu’s mid-term scorecard, a glimpse of coming dividends – TMSG

June 19, 2025
Next Post
Nigeria’s food monthly imports dip

Slash in bank charges spur cashless policy

Orji Kalu remains in prison until…

Orji Kalu remains in prison until...

Recommended Stories

Stable petrol supply excites Buhari

NNPC Assures of Supplies, Warns Against Panic Buying

May 9, 2022
Nigeria gets AfDB’s $14m as member of ATI

G5 Sahel nations get AfDB’s $379m power grant

February 19, 2022
We will go on strike, if — Labour

NLC engages in policy talk on oil subsidy removal –Wabba

February 8, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF
  • Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years
  • ECOWAS, Sahel states in deal to confront terrorism

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us