France ratifies law officially ending 75 years of West Africa CFA

France ratifies law officially ending 75 years of West Africa CFA

The much-awaited bill ratifying the end of the CFA franc was adopted on Wednesday by the French Council of Ministers. This was disclosed by the spokeswoman for the French government, Sibeth Ndiaye.

“It was during an official visit to Ivory Coast in December 2019 that they (President Macron and French West African leaders) announced a historic reform of monetary cooperation that was to lead to the end of the CFA franc.

“As the President of the Republic had been able to stress, this symbolic en…
READ MORE : http://www.africanews.com/2020/05/21/france-ratifies-law-officially-ending-75-years-of-west-africa-cfa

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Tecla Chandata

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