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English-Speaking West African Countries Say Renaming of CFA Franc Was Unilateral

  • Monetary zone says move contrary to decision of Ecowas leaders
  • Members call for extraordinary summit to address the matter
West African CFA franc currency banknotes.
Photographer: Xaume Olleros/Bloomberg
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The West African Monetary Zone, comprising English-speaking West African countries and Guinea, described the decision of eight French-speaking countries in the region to change the name of their currency to eco as unilateral.