Guinea opts out of ECOWAS single currency, retains franc

By Nkiruka Nnorom with agency report Guinea has become the first member of the Economic Community of West African States (ECOWAS) to formally opt out of the planned West African single currency, the eco, opting instead to retain its national currency, the Guinean franc. The decision comes as the regional bloc moves tow

Guinea says it’s opting out of the ECOWAS single currency. The 12 member West African economic bloc is set to launch the monetary union and eco currency in July 2027. Guinea is the first member state to say it's retaining its national currency.