ECOWAS reaffirms plans to launch single currency in 2027
The Economic Community of West African States, or ECOWAS, has reaffirmed plans to launch a single currency next year.
The legal registration of the ECO trademark is progress but important questions remain unresolved, including whether members of the West African Economic and Monetary Union (UEMOA), who use the CFA franc, will be included at the start.
The launch of the ECO will also have to grapple with West Africa's changing political landscape since Burkina Faso, Mali and Niger left the bloc but remain within the UEMOA.
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