Thursday, July 12, 2012

West Africa Monetary Zone moving towards single currency

The West Africa Monetary Zone (WAMZ) groups together Guinea and the five Anglophone West African countries of Liberia, Sierra Leone, Ghana, Nigeria and The Gambia.

One of the major objectives of the West Africa Monetary Zone, is the introduction of a single currency for member states of the organisation to be known as the Eco.

Finance ministers and central bank governors of the six member countries are currently meeting in Monrovia to discuss how to harmonize their payment systems and

More details here...

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