French Council of Ministers has adopted a bill ratifying the end of the use of CFA franc by eight French West African countries.
A spokesperson for the French government, Sibeth Ndiaye, said the bill ratifying the end of the 75-year old currency was adopted on Wednesday., the move is part of a renewal of the relationship between France and the affected African countries.
“This symbolic end was to be part of a renewal of the relationship between France and African countries.” The adoption by French authorities marks the end of the centralization of foreign exchange reserves of eight West African states affected with the French Treasury.
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