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West African States Body Adopts Name ‘ECO’ for Trade Currency

Roadside vendors display goods on major roads and vying for space with public transport as people shop ahead in Lagos, Nigeria.

Roadside vendors display goods on major roads and vying for space with public transport as people shop ahead in Lagos, Nigeria.

Photographer: Pius Utomi Ekpei/AFP via Getty Images

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The Economic Community of West African States has agreed on the name “ECO” for the single currency to be used in the region, the 15-nation body said Sunday in a communique.