West Africa announces ambitious new ‘eco’ currency plans


The Economic Community of West African States (Ecowas) has adopted ‘eco’ as the name of its single currency, which it now plans to begin issuing in 2020.

The fifteen countries announced the new currency at their fifty-fifth ordinary session last month, despite concerns that they will be unable to reach the ambitious launch goal.

Ecowas has already acknowledged the target date could be missed. Nevertheless, Niger’s president Mahamadou Issoufou, who was elected chairman of Ecowas at the meeting,

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