On December 21, 2019 - The news has broken after we all have learned that 8 West Countries; Benin, Burkina Faso, Cote d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. The old currency has renamed from CFA franc to Eco.

Let go back to CFA franc shall we?

The Financial Cooperation in Central Africa was established in 14 former French colonies upon gaining independence. as it seem, from the eyes of african leaders and people using the Franc will advance economy post colonial era. But unfortunately, the currency crippled those 14 former french colonies countries. In addition, France has forced those countries were using the Franc currency their foreign reserve into France Central Bank. 85%of their reserves were held under the control of the French minister of finance, in France Central Bank. It's fair to say France were still colonising West-Africa? I think that is a fair statement, and will be hard to defend against it.