₦airaland Forum

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,294,533 members, 5,039,902 topics. Date: Tuesday, 16 July 2019 at 11:51 AM

ECOWAS Adopts ECO As Name Of Single Currency - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / ECOWAS Adopts ECO As Name Of Single Currency (36920 Views)

ECOWAS Adopts ECO As Name Of Single Currency,elects Niger President As New Chair / ECOWAS Seeks Proposals For Single Currency Logo, Name / ECOWAS Launches Regional Contest For New Currency’s Name And Icon (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply) (Go Down)

ECOWAS Adopts ECO As Name Of Single Currency by ExAngel007(f): 6:44am On Jun 30
Abuja – The Authority of ECOWAS Heads of State and Government on Saturday adopted ECO as the name of the single currency to be issued in January 2020.

The leaders at their 55th Ordinary Session in Abuja endorsed the name while congratulating the Ministerial Committee on the Single Currency for the considerable progress recorded in the implementation of the revised roadmap.


Nigeria’s Permanent Secretary, Ministry of Foreign Affairs, the Authority instructed the ECOWAS Commission to work in collaboration with West African Monetary Agency.

The leaders also instructed the commission to work with West African Monetary Institute and the central banks to accelerate the implementation of the revised roadmap with regard to the symbol of the single currency.

The Authority also directed the commission and the central banks to accelerate the operation of the Special Fund for financing of programmes in the revised Roadmap for the ECOWAS Single Currency Programme.

“It further directs the commission to ensure implementation of the recommendations of the
meeting of the ministerial committee held in Abidjan on June 17 and June 18 as well as preparation and implementation of the Communication Strategy for the single currency programme.


“The Authority takes note of the 2018 macroeconomic convergence report. It noted the worsening of the macroeconomic convergence and urges member states to do more to improve on their performance in view of the imminent deadline.”

Furthermore, the ECOWAS Chairman President Issoufou Mahamadou said the revised roadmap still stipulated that the single currency would be issued in Jan. 2020.

“We have not changed that but we will continue with assessment between now and then.


“We are of the view that countries that are ready will launch the single currency and countries that are not yet ready will join the programme as they comply with all six convergence criteria.”

He also said that there was “a real firm political will” for the region to hastily achieve the single currency. (NAN)


https://www.vanguardngr.com/2019/06/ecowas-adopts-eco-as-name-of-single-currency/

13 Likes 2 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by lilianofentse(f): 6:47am On Jun 30
F
T
C
Happy Sunday To all Nairaland Christians.

41 Likes 9 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by prekumohtim(m): 6:47am On Jun 30
The death of Naira in an attempt to be like the Europeans ; Denmark and British realise it and walked away from the deal

55 Likes 11 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jayes: 6:47am On Jun 30
ECO BANK comes to mind.


If you wants to convert ur funds( Btc, Pm, fiverr, upwork, PayPal) to ECO or Naira see my signature.

1ECO = $45 Thanks

92 Likes 11 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by sloye5(m): 6:48am On Jun 30
Nice one

6 Likes 2 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by ramdris(m): 6:48am On Jun 30
So ECO to Dollar exchange rate will be?

40 Likes 1 Share

Re: ECOWAS Adopts ECO As Name Of Single Currency by Lanrextop23333(m): 6:48am On Jun 30
Dead on arrival

49 Likes 2 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by edeXede: 6:48am On Jun 30
embarassed

Will this have any positive economic impact in Nigeria?

27 Likes 2 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by Oyecute(m): 6:48am On Jun 30
I hope our economic policy and political charlatans would favour this

3 Likes 2 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by aaronson(m): 6:48am On Jun 30
Re: ECOWAS Adopts ECO As Name Of Single Currency by CosmicPhoenix: 6:48am On Jun 30

9 Likes 1 Share

Re: ECOWAS Adopts ECO As Name Of Single Currency by aaronson(m): 6:48am On Jun 30
I'm glad we starting to evolve. This is the course Ghadaffi was fighting for until the US thwarted him to kill the idea.

Obviously the US wouldn't like the news.

81 Likes 5 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by blackseed(m): 6:48am On Jun 30
Good move for Africa.

16 Likes 2 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by MaleoPearls(m): 6:48am On Jun 30
I hope it would have weight as the Euro

11 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by MrPresident1: 6:49am On Jun 30
500 Eco to 1 USD

Slaves

34 Likes 4 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by Yohh: 6:49am On Jun 30
I don't understand why some people are just unnecessary pessimistic, always antagonizing anything and everything of their own even without a rational backup explanation.

I'm hopeful this will strengthen our currency strength. Euro is very strong even more than d USD.
If this happens to be d end of naira, so be it. Who naira help before?

191 Likes 18 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by OBTMOS(m): 6:49am On Jun 30
Bh
Re: ECOWAS Adopts ECO As Name Of Single Currency by Dhortunn(m): 6:49am On Jun 30
Wait. So is this the end of Naira, Cedis, CFA Franc and the rest?

11 Likes 2 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by StrikeBack(m): 6:49am On Jun 30
lilianofentse:
F
T
C
Happy Sunday Guys.
Happy Sunday.

Topic.
Let's wait and see

3 Likes 1 Share

Re: ECOWAS Adopts ECO As Name Of Single Currency by Kingzd: 6:49am On Jun 30
ECO ECO

This may be a great move anyway.

I just pray it can just swallow dollars so that man pikin can buy stuffs from USA at a very cheaper rate.

I ECO. = $0.5 ����

14 Likes 1 Share

Re: ECOWAS Adopts ECO As Name Of Single Currency by adigunomomama(m): 6:49am On Jun 30
ECOmug grin

600 ECO to 1 USD

8 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by lilianofentse(f): 6:49am On Jun 30
CosmicPhoenix:
.
MJBOLT

2 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by Seankhalifa: 6:49am On Jun 30
Na so....

1 Like

Re: ECOWAS Adopts ECO As Name Of Single Currency by technuel: 6:49am On Jun 30
Hope this favours Nigeria

3 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by ibietela2(m): 6:50am On Jun 30
Why not a single currency with the whole of Africa? I don't know if in Europe east, west, south has its own currency different from the euros

4 Likes 1 Share

Re: ECOWAS Adopts ECO As Name Of Single Currency by gadgetarena: 6:50am On Jun 30
Na year 3000 them go begin use am

11 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by stevenosa(m): 6:50am On Jun 30
ramdris:
So ECO to Dollar exchange rate will be?

Will be echoing.

12 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by Wiseandtrue(f): 6:50am On Jun 30
End time things undecided

20 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by Burgerlomo: 6:51am On Jun 30
ramdris:
So ECO to Dollar exchange rate will be?

1-1 cool

4 Likes 1 Share

Re: ECOWAS Adopts ECO As Name Of Single Currency by psychologist(m): 6:51am On Jun 30
grin sounds more like ego


igbo amaka

48 Likes 3 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by BruncleZuma: 6:51am On Jun 30
O ni baje ooo

(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply)

ATM Fee: CBN Lied To Us / Ifeanyi Ubah Buys A Car For Adichie Izuchukwu, His Aide (Photos) / 5 Money Decisions To Make In Your 20's So You Can Chill In Your 30's

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2019 Oluwaseun Osewa. All rights reserved. See How To Advertise. 58
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.