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The West African Monetary Union is taking back control of its currency from France
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Politics and Society The West African Monetary Union is taking back control of its currency from France

Since 1945, the CFA franc has been the currency used by French colonies, and the usage of the currency continued after independence. Benin President Patrice Talon revealed that the West African Monetary Union has unanimously agreed to take back control of its currency, withdrawing foreign reserves of the West African CFA from France. The move has been welcomed across the continent.