The Economic community of west african states ECOWAS recently adopted a single currency named Eco, which it plans to launch by 2020. The plan for the currency had been discussed for nearly thirty years.
How ready is Ecowas for 'Eco' currency? [Morning Call]
The Eco single currency between the 15 countries that make up the ECOWAS – eight of which use the CFA franc, which is pegged to the euro according to a fixed parity guaranteed by France, – is seen as a gamble by many analysts, but also as a strong political symbol.
So, how ready is the regional bloc for the currency this time?