#waemu

IMF Lauds Introduction Of ‘Eco’ Common Currency By Francophone West African Countries

The International Monetary Fund (IMF) has lauded the West African Economic and Monetary Union (WAEMU) for changing the common currency of French-speaking West African countries to Eco from the CFA francs.

Eight West African countries on Saturday (Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo) agreed to change the name of the currency with the exception of…