₦airaland Forum

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,294,533 members, 5,039,903 topics. Date: Tuesday, 16 July 2019 at 11:52 AM

ECOWAS Adopts ECO As Name Of Single Currency - Business (2) - 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)

Re: ECOWAS Adopts ECO As Name Of Single Currency by Decolonel(m): 6:51am On Jun 30
New world order is gradually becoming a reality. A system where the world uses one currency.

Repent oo. The end is here.

8 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by MVLOX(m): 6:52am On Jun 30
ramdris:
So ECO to Dollar exchange rate will be?

na dis one I wan know self...

1 Like

Re: ECOWAS Adopts ECO As Name Of Single Currency by Amadioha1234: 6:52am On Jun 30
Single currency? The prophecy is abt to be fulfilled.

6 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by femliany(m): 6:53am On Jun 30
9jayes:
ECO BANK comes to mind.


If you wants to convert ur funds( Btc, Pm, fiverr, upwork, PayPal) to ECO or Naira see my signature.
Just wait till 2020 you go convert tire

2 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by bluefilm: 6:53am On Jun 30
Copy cats.

Nonsense. angry
Re: ECOWAS Adopts ECO As Name Of Single Currency by BB9ja007: 6:53am On Jun 30
Those it mean by next year we will stop using naira ? If so dat means our past leaders will no longer be in our currency

4 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by Doubleprof1(m): 6:53am On Jun 30
What is the implications of the said single currency on west African economy
Re: ECOWAS Adopts ECO As Name Of Single Currency by Mk12: 6:54am On Jun 30
prekumohtim:
The death of Naira in an attempt to be like the Europeans ; Denmark and British realise it and walked away from the deal
is naira not dead already?

3 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by Abkreizi: 6:54am On Jun 30
ibietela2:
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

Did you study Economics in secondary school. ....even with the whole of west Africa i see a greek crisis coming up

4 Likes 2 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by ibietela2(m): 6:55am On Jun 30
Abkreizi:


Did you study Economics in secondary school. ....even with the whole of west Africa i see a greek crisis coming up

No i didn't, please teach me

1 Like

Re: ECOWAS Adopts ECO As Name Of Single Currency by Mk12: 6:56am On Jun 30
MaleoPearls:
I hope it would have weight as the Euro
what are you manufacturing that will give it the weight? terrorism?

12 Likes 2 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by Enosa1(m): 6:57am On Jun 30
If it will positively affect Africa, then its welcome

Anyway solar duke is here to serve you. We may even accept Eco
Re: ECOWAS Adopts ECO As Name Of Single Currency by Gabriel411: 6:59am On Jun 30
I don't like this name, I don't support they use ECO. The name already exist, they selling digital currency. Can this guys be creative for Gods sake.

1 Like

Re: ECOWAS Adopts ECO As Name Of Single Currency by ZaraGift(f): 6:59am On Jun 30
The currency would be useless just like every other African currencies


China will print a lot of the Eco to scam them

4 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by bcashy: 7:00am On Jun 30
Yohh:
I don't understand why some people are just unnecessary pessimistic, always antagonizing anything and everything of their own even without a rational choice backup explanation.

I'm hopeful this will strengthen our currenc 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?


Just let them be.....those are frustrated miserable idiots!

4 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by kemicalreaction(m): 7:00am On Jun 30
I hope the US won't sabotage this angry

1 Like

Re: ECOWAS Adopts ECO As Name Of Single Currency by Obatise: 7:01am On Jun 30
Yohh:
I don't understand why some people are just unnecessary pessimistic, always antagonizing anything and everything of their own even without a rational choice backup explanation.

I'm hopeful this will strengthen our currenc 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?

That was one of the reason Gadaffi was killed, this was is vision for Africa as a whole, a United currency

7 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by martineverest(m): 7:01am On Jun 30
been waiting for this since Obasanjo era....finally finally
Re: ECOWAS Adopts ECO As Name Of Single Currency by Noel1: 7:01am On Jun 30
Failed on arrival, so far as the whole thing is still going to.be managed by the set of corrupt leaders we mostly have in West Africa..

Aren't these leaders that have sabotaged their respective contries' economy by enriching themselves and impoverishing their citizens?

So far as you have d same set of people, then I don't give no sh.it about policies.

Policies alone can't facilitate economic growth...

The right policies in the hands of the right decision takers DO.

The right decision takers ( Leaders ) ? That's what Africa lacks

2 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by martineverest(m): 7:01am On Jun 30
prekumohtim:
The death of Naira in an attempt to be like the Europeans ; Denmark and British realise it and walked away from the deal
use Ur head
Re: ECOWAS Adopts ECO As Name Of Single Currency by martineverest(m): 7:01am On Jun 30
ramdris:
So ECO to Dollar exchange rate will be?
it was bigger than dollar when the suggestion first came out about 14 years ago
Re: ECOWAS Adopts ECO As Name Of Single Currency by Nobody: 7:03am On Jun 30
Only way West African economy can be strong is not by single currency.

Europe that has the Euro also produces more than it imports.

Most West African countries are resource dependent and poor. Limited industrial output.

Sorry, but make we fix our economies first

11 Likes 1 Share

Re: ECOWAS Adopts ECO As Name Of Single Currency by Focusmind: 7:03am On Jun 30
Will ECO survive? Monetary union is based on strong economic fundamentals of member union. Certain things needs to be in place before implementation.
Things like sound micro economics, fiscal discipline in member states, huge export potentials in member states, political stability and peace.

All these are lacking in ECOWAS. Nigeria economy which should be about 60% of the sub-regional economy is not doing well and can't support itself talk more of supporting fragile economy of member state the same way Germany is the pillar of EURO and supporting fragile member states like Greece and others with huge debt.

The burden of ECO will be much on Nigeria and our export potential apart from oil is negligible. This will make ECO exchange with measure hard currencies to be worthless. More over, not everybody should be admitted into ECO. Requirements for admission must be set and those who meet the conditions will be admitted the same way EUROPEAN union set targets for membership admission. You must meet certain fiscal and economic and political criteria. These are to ensure stability and survival of the single currency. Ecowas should first study the European union.

35 Likes 4 Shares

Re: ECOWAS Adopts ECO As Name Of Single Currency by Enosa1(m): 7:03am On Jun 30
Enosa1:
If it will positively affect Africa, then its welcome.

Anyway solar duke is here to serve you. We may even accept Eco.
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 7:03am On Jun 30
OLD news really...

That’s why the West African Monetary Zone was set up in 2000, and the West African Monetary Institute was set up in 2001 to undertake technical preparations for the setting up of a common West African/ECOWAS central bank and common currency for the Zone.

The name “Eco” has always been the proposed name of any ECOWAS common currency, following in the tradition of Ecobank (which was initially envisaged as an ECOWAS-centric bank), Ecomarine (which has morphed), and Ecoair (which never got off the ground - no pun grin).
>

5 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by arantess(m): 7:03am On Jun 30
Kingzd:
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 ����
You need to wake up oo, Lol
Re: ECOWAS Adopts ECO As Name Of Single Currency by Nobody: 7:04am On Jun 30
Obatise:


That was one of the reason Gadaffi was killed, this was is vision for Africa as a whole, a United currency

and how would Ghaddafi been backing up the currency?

With oil, whose price is not stable?
Re: ECOWAS Adopts ECO As Name Of Single Currency by Snapchat: 7:06am On Jun 30
Not with Ghana as neighbours

2 Likes

Re: ECOWAS Adopts ECO As Name Of Single Currency by skukimania(f): 7:07am On Jun 30
And 100 what make one ECO? WAS?

1 Like

Re: ECOWAS Adopts ECO As Name Of Single Currency by bigstan11787(m): 7:07am On Jun 30
9jayes:
ECO BANK comes to mind.


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

[Just now you don dey convert. Chai]
Re: ECOWAS Adopts ECO As Name Of Single Currency by samcus(m): 7:09am On Jun 30
RUGA is taking over our land and we are here talking about KREST giver and taker..

(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. 83
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.