Ouattara unveils currency reform as Macron visits
Автор: AP Archive
Загружено: 2019-12-26
Просмотров: 539
(22 Dec 2019) Ivorian President Alassane Ouattara on Saturday announced a “historic" reform of the French-backed currency CFA Franc, established in 1945 and used by eight states in West and Central Africa.
With Ouattara beside him, France's President Emmanuel Macron welcomed the reform and praised the financial and economic empowerment of the region.
The currency’s name will become the “eco” next year and all French officials will withdraw from its decision-making bodies, Ouattara said.
In addition, the obligation for member states to keep half of their foreign reserves in France will end.
The currency will remain pegged to the euro, which guarantees its stability, Ouattara stressed.
Macron, who turned 42 on Saturday, added that the currency was considered by some, especially the African youth, as a post-colonial heritage.
Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Twitter: / ap_archive
Facebook: / aparchives
Instagram: / apnews
You can license this story through AP Archive: http://www.aparchive.com/metadata/you...
Доступные форматы для скачивания:
Скачать видео mp4
-
Информация по загрузке:
