West African countries replace their French currency

On Saturday 21 December 2019 eight West African countries (Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo) agreed to reform their common currency, the CFA franc, applying major changes to it, firstly a change of the name, from CFA to ECO. What will change? The CFA franc is the name of two … Continue reading West African countries replace their French currency