ECOWAS adopts ECO as single currency

By NOELA EBOB BISONG The Economic Community of West African States (ECOWAS) is said to have adopted a single currency known as ECO, as a common legal tender for member countries of the bloc. Reports say the currency was endorsed by the Authority of ECOWAS Heads of State and Government recently at a meeting in Abuja, Nigeria, during their 55th Ordinary Session. The ECO currency is said to begin circulating come January 2020. During the meeting, there was a roadmap outlined to ensure that all member countries meet three primary criteria for the adoption of the currency: Member countries having…