Updated: March 2, 2021
The President of Equatorial Guinea Teodoro Obiang Nguema Mbasogo has called on Central African nations to follow West African nations in dumping the France-backed CFA franc
The CFA franc is used in two monetary unions: eight West African states and six countries in Central Africa.
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The member states of the Economic Community of West African States, with countries from both monetary unions, said earlier this year that they would gradually start adopting a single currency in 2020.
The call came after eight West African states last week agreed to reforms to their long-standing colonial agreement with France.
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