ECOWAS, the Economic Community for West African States have adopted a single currency named Eco, which it plans to launch by 2020.
Eco was adopted on Saturday in Abuja in a meeting of the 15 member-country regional bloc.
Discussed for thirty years, this single currency between the 15 countries that make up the ECOWAS – eight of which use the CFA franc, pegged to the euro according to a fixed parity guaranteed by France, former colonizer of the region – is seen as a gamble risked by many analysts, but would be a strong political symbol
