Tag: west african currencies
The eight member states of the West African Economic and Monetary Union (Waemu) and France have agreed to rename the CFA franc and implement a range of reforms to the long-standing regional currency.
There have been concerns over the convertibility of the Central African Franc in recent weeks. The currency is used by six countries in the CEMAC region. Arnold Dublin-Green, Senior Portfolio Manager at Ecobank joins CNBC Africa for more.