24(Eco Currency) Flashcards
1
Q
which countries currency is this
A
It is the new adopted currency of 8 west african nations
2
Q
which are those 8 countries
A
1 Ivory coast 2 Mali 3 Burkina Faso 4 Benin 5 Neiger 6 Sengal 7 Togo 8 Guinea Bissau
3
Q
which was their previous currency
A
CFA Franco
4
Q
so were all french colonies
A
Yuppp…except 1(Guinea Bissau)
5
Q
what was the issue with CFA Franco
A
1 It was guaranteed by France(Sovereignty)
2 It was pegged with Euro and pond(instability)
3 Interference of France
6
Q
why is ivory coast also popular for
A
Worlds top coco producer
