This is so true of the eco common currency already being implemented by some countries with the Economic Community of West African States (ECOWAS), by mostly francophone countries, who have since adopted eco as their the currency through their union, West African Economic and Monetary Union (WAEMU). Instead of depositing their reserves in France, WAEMU nations will place them with the Central Bank of West African States (BCEAO). In July, ECOWAS agreed that ‘eco’, the proposed single currency for the zone, will be launched in January 2020. But I believe that the hurried adoption of the eco by the francophone countries was not in good faith. Eco as a nomenclature was conceived as the future currency for ECOWAS.

Source: GNN Liberia January 28, 2020 08:26 UTC