Tag: Single Currency
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Setback as ECOWAS single currency roadmap suffers significant decline
The Economic Community of West African States (ECOWAS) hopes and aspirations of using a single currency as legal tender in member nations has again suffered a major decline.
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ECOWAS postpones launch of single currency
The West African regional body, the Economic Community of West African States (ECOWAS) has postponed the launch of it planned single currency “ECO”. The regional body said a new date for the launch will be announced at a later date. The news of the postponement was contained in a communique issued at the end of…
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ECOWAS leaders set to meet on implementation of single currency
Presidents of Economic Community of West African States (ECOWAS) are to meet on December 21 in Abuja to consider recommendations on the proposed single currency regime for the sub-regiom Nigeria Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed disclosed this on Saturday in Abuja at the end of the meeting of Ministerial Committee…
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EU celebrates Euro’s 20th birthday: Heads up for ECOWAS single currency
Exactly 20 years ago, on 1 January 1999, 11 European Union (EU) countries launched a common currency, the euro, and introduced a shared monetary policy under the European Central Bank. TheNewsGuru reports the euro, Europe’s common currency, turns 20 on 1 January 2019. The historic moment was a milestone on a journey driven by the…
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Again, Nigeria warns against adoption of ECOWAS’ currency integration proposal by 2020
Nigeria’s President, Muhammadu Buhari on Tuesday again warned member countries of the Economic Community of West African States (ECOWAS) against adopting the proposed currency integration in the sub-region by 2020. Recall that the body had earlier proposed the adoption of a single currency across member states for easy trade by 2020. Represented by Godwin Emefiele,…