
From CFA Franc To Eco: Just A Name Change?
The news of a new currency adoption by some ECOWAS States has been the trending issue in the past few weeks and has also provoked market observers and investors to ask questions: What is Eco? Is it a good idea? Will the adoption happen eventually? Why are the parties divided? What is the impact? Bamidele Famoofo reports the pros and cons of the change and its implications on investment in the ECOWAS bloc
Notably, the adoption of the CFA franc by the French-speaking West African countries has its good and bad aspects. Proponents observed that the shared currency has stabilised …