When the Economic Community of West African States (ECOWAS) launches the Eco in 2020, will anything change but the name? What will it mean for the 'Financial Community of Africa'? More than 75 years ago, a legendary French military officer turned politician created West Africa’s CFA franc. CFA stands for the “Communaute Financiere Africaine” (African Financial Community). In 2017, Kemi Seba, a financial activist from Benin burnt a 5,000 CFA banknote (around 7.6 euros or $9.10) in Dakar, the headquarters of the Central Bank of West African States (BCEAO). The franc of the African financial community, or CFA Franc, is issued by BCEAO. The West African Monetary Union (WAMU) currently comprises Benin, Burkina Faso, Côte-d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. Seba's actions reignited an old debate over the region's currency, DW said. After he was acquitted in court, Seba was reportedly expelled by the Senegalese government and is now living in