BetaPipol since ending last year we don di teh una say dey don tok say dey go end Franc CFA…
E don las happun oo!!
French government too don confam say Franc CFA don end for West African Countries dem.
Today, Wednesday 20th May, the Council of French Ministers, dey hold meeting. Dier spokewoman; Sibeth Ndiaye, tok say the ministers dey don sign docki for agree say West African contri dey no go use CFA franc again, say we go use na some new currency way dey di callam say Eco.
“This text validates the transformation of the CFA franc, which will become the Eco by maintaining the fixed parity with the Euro, as well as the end of the centralization of the foreign reserves of West African states with the French Treasury, in accordance to the agreement concluded at the end of December between France and the States of the West African Monetary Union.”- Sibeth Ndiaye, Spokeswoman of the French government.
Clarification from previous post on Franc CFA and the new ECO currency:
-The change will hold for countries using the West African CFA Francs, not countries using the Central African CFA Francs.
-Cameroon is using the Central African CFA Francs, so Cameroon is not affected by the change.
-Countries using the Central African CFA Francs are planning to change the currency as well, but this particular change does not affect them.
-The name ECO was culled from ECOWAS(Economic Community of Western African States)