WAMZ Recommends Extraordinary Meeting Of Ecowas On Eco


Thursday, January 17, 2019  / 07.40AM / WAMZ / Header Image Credit:  The Markets Online


The West African Monetary Zone,WAMZ has recommended an extraordinary session of the Economic Community of West African States Heads of Government, to discuss critical issues around the single currency.


This was the resolution at the end of the meeting of Ministers of Finance and Central Bank Governors in the Sub-region on January 16, 2020.


The WAMZ meeting which held in Abuja, Nigeria applauded the decision of 8 West African French speaking countries, to delink the CFA.


WAMZ however noted with concern the unilateral decision taken by President Alasane Quattara of Cotedvoire and Chairman of the Authority of West African Economic Monetary Union (WAEMU ) on December 21, 2019 to rename CFA Franc as "ECO" by 2020.


The WAMZ reiterated the importance for all ECOWAS members to adhere to the decision of the Authority of Heads of State and Government towards the revised roadmap of the single currency program.


It said the decision on the "ECO" currency was not in line with the decisions of the Authority of Heads of State and Government of Ecowas for the adoption of the single currency.


The WAMZ meeting was under the Chairmanship of Hon. Mamadi Camara, Minister of Economy and Finance, Republic of Guinea.


Proshare Nigeria Pvt. Ltd.

Related News

1.      The French-backed CFA franc is Going. Will The New Eco Be as Stable?

2.     Ghana Backs West Africa's Eco, Opposes Euro Peg

3.     A Unified Currency: UEMOA Adopts Eco, Drops CFA franc

4.     Bank of Ghana Issues Release Over Statements Describing The Introduction of Higher Ghana Cedi

5.     Eco Currency: Ghana Urges Ecowas Members To FastTrack Adoption

6.     Statement by the IMF Managing Director on the Reform of West Africa's CFA franc

7.     Is the West Africa Single Currency Ambition Feasible?

8.     Unpacking West Africa's transition to the Eco

9.     Here Comes The Eco


 Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News