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    UPDATE 1-West Africa renames CFA franc but keeps it pegged to euro

    By
    Africa NewsBenin News

    ABIDJAN, Dec 21 (Reuters) – The West African Economic and
    Monetary Union has reached an agreement with France to make
    changes to the CFA franc, Ivorian President Alassane Ouattara
    said on Saturday, in a shift away from the former colonial
    power.

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