President Macron endorses use of new currency by Nigeria & 14 other countries [Full list]

French President Emmanuel Macron, has endorsed the decision by the Economic Community of West Africa States (ECOWAS) countries to use a common currency, the Eco,

At the 56th Ordinary session of ECOWAS held at the State House Conference Centre in Abuja, the heads of governments announced their readiness for implementation process.



Countries to use the Eco include Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.

At a bilateral meeting with President Muhammadu Buhari, the President of Cote d’Ivoire, Alhassan Quattara, spoke on the progress of the ECOWAS mandate given to him to negotiate exit of Francophone West African countries from their currency union with France and European Union (EU).

The Ivorian leader said he had received the full support of the French government, under President Emmanuel Macron, and that the West African States were free to leave the union and join the ‘Eco’.

On Saturday, Quattara and visiting Macron, announced the reform of the long-disputed CFA franc on Saturday, a currency that is used in eight nations in the West Coast.

Macron said Eco replacing the CFA, which is seen as a symbol of French colonial rule, was good for the region.



The president, who began his three-day visit to the Ivory Coast with a visit French troops stationed in Côte d’Ivoire, said: “I wanted to engage France in a historic and ambitious reform of the cooperation between the West African economic and monetary union, and our country.

“With the reform of the CFA Franc, we are taking a big step to write a new page in our relationship with Africa.”

The eco will remain fixed to the Euro, while required deposits from African nations into French coffers are now eliminated.

With the development, France will no longer hold a seat on the Monetary Union of West Africa (UEMOA) linked West African central bank led by Quattara.

>>>> https://www.naijanewsgist.com/news/president-macron-new-currency-nigeria/

This is long over due. Africa needs to stand together to succeed in it's fight against imperialism.

Like same currency all over Africa?
How would it be like?

ImDStar:
Like same currency all over Africa?
How would it be like?

not all over Africa but west Africa, I'll Like Nigeria not to join.
Nigeria economy alone is bigger than all other countries economy joined together, those people will just be feeding on nigeria

The eco will remain fixed to the Euro

It must be tied not only fixed to the Euro (permanently for now) before we regret another prematured (regional monitory) Independence.

e go make sense oo

dukeprince50:
not all over Africa but west Africa, I'll Like Nigeria not to join.
Nigeria economy alone is bigger than all other countries economy joined together, those people will just be feeding on nigeria

Nigeria will surely join. If anything happen to any of those ECOWAS country economy, e go dey affect us too. Just like is happening with the euro in Greece and how countries like Germany had to bail them out

What kind of nonsense talk is this. Who needs his endorsement in the first place?

Omololu001:
Nigeria will surely join. If anything happen to any of those ECOWAS country economy, e go dey affect us too. Just like is happening with the euro in Greece and how countries like Germany had to bail them out

That is why we shouldn't join, if anything happen to those countries, we will have to bail them out

booblacain:
What kind of nonsense talk is this. Who needs his endorsement in the first place?

he is Macron, president of France, they need his endorsement.
If Biafra want to leave Nigeria, they will need Buhari approval.

dukeprince50:
That is why we shouldn't join, if anything happen to those countries, we will have to bail them out

In a country like Switzerland, a referendum would have Ben organised, for the people to decide if they want their country to spend the ECO or not. But such a thing is not possible, and Nigeria is already in sef.

this guy is becoming the next super president joining Putin in popularity while trump continues to drag us to mud

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itsme01:
this guy is becoming the next super president joining Putin in popularity while trump continues to drag us to mud

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*French President Macron endorses use of new currency ECO by Nigeria, 14 others*

https://speakersden2..com/2019/12/french-president-macron-endorses-use-of.html

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