Equatorial Guinea leader asks Central Africa to follow West Africa in dumping “outdated” France-backed CFA Franc Updated for 2021

82,113FansLike
2,966FollowersFollow
2,690SubscribersSubscribe
82,113FansLike
3,122FollowersFollow
2,690SubscribersSubscribe

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.

[read_more id="2" more="Read full article" less="Read less"]

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.

[/read_more]

Simon Ateba
Simon Ateba
Simon Ateba covers the White House, the U.S. government, the International Monetary Fund, the World Bank and other financial and international institutions for Today News Africa in Washington D.C. Simon can be reached on simonateba@todaynewsafrica.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

TRENDING

Confidential U.S. government report concludes Ethiopia Prime Minister Abiy Ahmed leading ethnic cleansing in Tigray region

A confidential U.S. government report has concluded that the government of Prime Minister Abiy Ahmed in Ethiopia along with allied militia fighters are leading a systematic campaign of ethnic cleansing in Tigray."Whole villages were severely damaged or completely erased," the report, first obtained by The New York Times, says.It adds that fighters from the neighboring Amhara region of Ethiopia who moved to Tigray...

Stay connected

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

error: Alert: Content is protected !!
Share
Tweet
Reddit
Pocket
Share
More