Senegal is rolling out a national digital currency this year to be issued by its central bank. Dubbed eCFA, the digital currency will coexist with other forms of currency, such as the CFA Franc, yet offer a digital form for financial transactions. Although the details are still being finalized, the e-currency will have special security features, just as hard currency has watermarks and serial numbers. Observers note that an advantage of e-currencies issued by a central bank is that countries can retain control over their monetary policies without being influenced by decentralized organizations like Bitcoin. If successful, the eCFA will be used by other countries in the West Africa Economic and Monetary Union, including Cote d’Ivoire, Benin, Burkina Faso, Mali, Niger, Togo, and Guinea-Bissau.