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ECOWAS adopts Eco as single currency for subregion

Beginning in January 2020, countries within the West African sub-region will be able to use a single currency called ECO.

The currency was adopted by the Authority of ECOWAS Heads of State and Government on Saturday in Nigeria’s capital Abuja.

The West African leaders endorsed the currency at their 55th Ordinary Session and approved a road map towards the currency’s issuance in January 2020. There was a roadmap to ensure that all member countries meet three primary criteria for the adoption of the currency

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