News

French Ministers Approve Bill To Reform West Africa CFA

French ministers on Wednesday approved draft legislation to transform the CFA franc into a broader-based “Eco”, the government spokeswoman said.

The text was approved at a cabinet meeting, and would see the currency used now by more than a dozen countries maintain its peg at 655.96 to the euro, along with an end to its centralised reserves with the Bank of France, Sibeth Ndiaye added.

 

  • AFP
Tags

Related Articles

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com
Close