Guinea opts out of planned ECOWAS single currency, the eco
Guinea says it’s opting out of the ECOWAS single currency. The 12 member West African economic bloc is set to launch the monetary union and eco currency in July 2027. Guinea is the first member state to say it's retaining its national currency.
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A bank teller counts new West African CFA Franc banknotes plus old-style 500 CFA notes and old-style 10,000 CFA notes, top-left, Dakar, Senegal, Sep.
The 12 member West African economic bloc is set to launch the monetary union and eco currency in July 2027.
Last month ECOWAS said it was leaning towards a phased rollout, with countries meeting convergence criteria such as inflation, debt, and monetary stability joining first.
Guinea is the first member state to announce it will retain its national currency, the Guinean franc.
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