The much awaited bill ratifying the end of the 75-year old CFA franc was adopted on Wednesday by the French Council of Ministers, the spokesperson for the French government, Sibeth Ndiaye said.

“It was during an official visit to Ivory Coast in December 2019 that President Macron and French West African leaders announced a historic reform of monetary cooperation that was to lead to the end of the CFA franc.

“This symbolic end was to be part of a renewal of the relationship between France and African countries,” she said.

The text validates the transition of the CFA franc used by eight French West African countries to become the newly proposed Eco, a currency to be adopted by the entire West African bloc, ECOWAS.

It also marks the end of the centralization of foreign exchange reserves of the eight West African states with the French Treasury.

The future Eco currency will have a fixed parity with the euro.

The eight countries concerned are: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.

https://www.von.gov.ng/france-ratifies-law-ending-west-african-cfa/

The text validates the transition of the CFA franc used by eight French West African countries to become the newly proposed Eco, a currency to be adopted by the entire West African bloc, ECOWAS.

This one sound sketchy.

The future Eco currency will have a fixed parity with the euro.

but this one sounds cool... But also sketchy because Europe should have nothing to do with Eco currency afterward, so how will they dictate Eco currency parity?

Except France has a sinister plan to hijack d Eco currency.

g

theenchanter:

This one sound sketchy.
but this one sounds cool... But also sketchy because Europe should have nothing to do with Eco currency afterward, so how will they dictate Eco currency parity?

Except France has a sinister plan to hijack d Eco currency.

Eco has already been hijacked, that's why Nigeria pulled out. It's like this France is backing the currency the same way gold is backing the US dollars

The treacherous West African head of states who helped criminal Allassane Ouattara take power in Cote d'Ivoire have now something to
use to distract people from their failure. Eco is nothing but just the very same CFA that changed name.
France and their puppet Ouattara are mocking Africans.

panafrican:
The treacherous West African head of states who helped criminal Allassane Ouattara take power in Cote d'Ivoire have now something to
use to distract people from their failure. Eco is nothing but just the very same CFA that changed name.
France and their puppet Ouattara are mocking Africans.

exactly.

In the end, Nigeria with tail tucked in btwn legs, will still join the Eco

nijabazaar:
In the end, Nigeria with tail tucked in btwn legs, will still join the Eco

Not under general Buhari, you bet.
Had Jonathan been in power, Nigeria would be trumpeting and beating the drums every day calling on other countries to join.

Welcome to the fake eco ..... The neo-cfa, if France is happy it means we have taken an L .

theenchanter:
exactly.

Long time? How's everything?
Hope you're staying safe during this covid era?
Though I've been getting some of your posts and I do read some sometimes.

Mcy56:

Long time? How's everything?
Hope you're staying safe during this covid era?
Though I've been getting some of your posts and I do read some sometimes.

hahaha..... Covid no reach my side o, though e reach one nearby hospital here.

theenchanter:
hahaha..... Covid no reach my side o, though e reach one nearby hospital here.

It won't reach our own side by the mercies of God.

Mcy56:

It won't reach our own side by the mercies of God.

....

theenchanter:
na so o...
Marry keh!!! I dey fear that thing, ehn.

All shall surely be well by God's grace.

Mcy56:

In

thanks.

theenchanter:
thanks.

.....

Mcy56:

I still thank God for life and his grace

all is well, it is well with u..... So, hope u're coping sha?

theenchanter:
all is well, it is well with u..... So, hope u're coping sha?

....

Mcy56:

It's not been easy but I'm trying.
The covid outbreak spoilt a lot of things as well. Interviews done were suspended indefinitely......and all those stuff sha

all will be fine.

theenchanter:
all will be fine.

Amen. Thank you.
I wish you all the best too.

panafrican:
The treacherous West African head of states who helped criminal Allassane Ouattara take power in Cote d'Ivoire have now something to
use to distract people from their failure. Eco is nothing but just the very same CFA that changed name.
France and their puppet Ouattara are mocking Africans.

Thank God Nigeria is no longer going to accept the currency.