The dream of a currency union across west Africa has moved one step closer, after a competition was launched to come up with a name and logo for a single currency. What does Russia want in Central ...

Explore the history of the South African Rand (ZAR), its evolution, fluctuation, and role in global trade. Understand why its value changes with global events.

As part of its plans to make Africa a more integrated continent, leaders of the Economic Community of West African States (ECOWAS) have adopted the name ‘ECO’ for a planned single currency to be used ...

A group of fifteen West African countries have adopted a new road map to launch a single currency in 2027 after its previous plans were derailed by the coronavirus pandemic. ACCRA, June 19 (Reuters) - ...

Eight West African countries have announced that they will rename their common currency and sever financial links with their former colonial ruler France. Colonialism explained in 60 seconds: ideas ...

A bloc of eight countries will rename their French-backed currency and France will scrap a contentious requirement for reserve deposits. By Ruth Maclean DAKAR, Senegal — A bloc of West African states ...

To date, only the monetary agreement has been finalised. It will replace the 1973 agreement between the eight Union Economique et Monétaire Ouest Africaine (UEMOA) member states and France. The new ...