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This text will take you on that journey by time and space, following cotton sweet from its origins as widespread table sugar to a fluffy mass of sheer sugary delight. Eight West African nations share a standard forex, the West African CFA franc, which was introduced in 1945 (at the time CFA stood for "Colonies Francaises d'Afrique" or "French Colonies in Africa"). In January 2023, Brazil and Argentina introduced plans to start out work on a standard forex, which they might invite other Latin American international locations to hitch. An additional six Central African nations use the CFA franc, as effectively, though the meaning of the initials has changed. Aboa, Ange. "West Africa renames CFA franc however retains it pegged to euro." Reuters. This foreign money was renamed the eco in 2019 and is pegged to the euro, but implementation has been delayed until 2027, first because of the coronavirus pandemic, but additionally as a consequence of macroeconomic points.
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