West African Countries Adopt Single Currency
The ECOWAS commission has adopted the Eco as the single currency to be issued in January 2020. The idea of the single currency for the West African region was first mentioned almost 30 years ago in the hope of boosting cross border trade and economic development.
President Muhammadu Buhari has urged ECOWAS member countries to tread carefully in pushing for a single currency in the sub-region by 2020, drawing attention to the challenges ... Read more »
The decision to create a single monetary zone for West Africa was reached by Heads of State of the 15 member countries at a summit of the Economic Community of West African States ... Read more »
The Ecowas Commission says several "political and technical implications" will have to be considered before the implementation date of 2020. Read more »
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