Lhe CFA franc will disappear. An ECOWAS single currency announced for 2020. ECOWAS established by the Treaty of Lagos signed on May 28, 1975 by fifteen West African countries: Benin, Burkina, Côte d'Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria , Senegal, Sierra Leone, Togo. Cape Verde joined the Community in 1976 but Mauritania decided to leave it in 2000.
Its main objective is "to promote cooperation and integration in the perspective of an economic union of West Africa in order to raise the standard of living of its peoples, to maintain and increase stability. economic, strengthen relations between member states and contribute to the progress and development of the African continent ”.
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