3020World Current AffairsMedium
What is the name of common Currency recently announced by Western Africa? (As reported on 28 December 2019)
AECO
BROAR
CNAT
DCOIN
Correct answer
A. ECO
Explanation
Eight countries in West Africa have decided to change the name of their common currency to ‘Eco’. These countries also decided to leave the current currency ‘CFA franc’. Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo in West Africa are currently using this currency.