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West African States Postpone Launch Of Regional Currency To 2027 - Foreign Affairs - Nairaland

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West African States Postpone Launch Of Regional Currency To 2027 by Nobody: 2:27pm On Jun 20, 2021
The new eco currency was meant to have been launched in 2020

Countries that already share the CFA started their own reforms


An ambitious plan for 15 West African countries to adopt a common currency has been pushed back to 2027.

The eco, meant to have been launched in 2020, was delayed by the coronavirus pandemic and its aftershocks, the Economic Community of West African States said in a statement on Saturday, following an ordinary session held in the Ghanaian capital, Accra.

“We have a new road map and the new convergence path that will cover the period of 2022 to 2026,” Ecowas Commission President Jean-Claude Kassi Brou said in the statement. “2027, that will be the launching of the eco.”

The West African bloc has been pursuing a common currency project for more than two decades to help remove trade barriers, ease the cost of doing business, and boost economic growth in a region of more than 380 million people.

Within the bloc, eight countries that already share the CFA franc have started reforms of their own ahead of the wider currency project.

Bloomberg

3 Likes 1 Share

Re: West African States Postpone Launch Of Regional Currency To 2027 by Machinegun91(m): 2:42pm On Jun 20, 2021
The currency is currently in Abuja

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Re: West African States Postpone Launch Of Regional Currency To 2027 by Ade3131: 3:21pm On Jun 20, 2021
Machinegun91:
The currency is currently in Abuja

Are you for real?

BTW out of the 380 million people in West Africa, Nigeria alone has 200 million people.

It is well oo

60 Likes 2 Shares

Re: West African States Postpone Launch Of Regional Currency To 2027 by ADdayo12: 7:00pm On Jun 20, 2021
Bsbs
Re: West African States Postpone Launch Of Regional Currency To 2027 by YoungboyNBA(m): 7:00pm On Jun 20, 2021
Abeg, as for me it's much better it's shifted until Bubu is out.
I don't care about what anyone's opinion is but I know, The next Government will restore The Lost Glory.

Meanwhile


To thoss saying I am exposing Asaba to risks..... With the photo below.......

Boasting aside. There are men around my area who have sworn to show Nigerians especially the Fulani/Hausa that craze for Delta costs, The whole north no go fit afford am self. I have seen amunitions ready, he was an ex militant as I knew but it looks like he is still a militant. He also told me missiles are ready too that before the Fulani came with their threats, they were already prepared. He said they(militants) know once Fulani shows up with their nonsense, their means of lively hood will be gone forever, because attention will be shifted to the Fulanis menace. This one no be them say them say, he showed my guns, as in guns, military no get those guns. Fulanis one come make them come, I pity their beautiful wives and children who will be sacrificed to riverine deities. Arewa pronounced in my language means.... " They will lay dearly ". Craze for Delta no be child's play, we dey find any opportunity to show and if Fulanis wants to sacrifice their selves for that cause. So be it.

10 Likes

Re: West African States Postpone Launch Of Regional Currency To 2027 by Nobody: 7:00pm On Jun 20, 2021
mtcheew

1 Like 1 Share

Re: West African States Postpone Launch Of Regional Currency To 2027 by crazyABO(m): 7:01pm On Jun 20, 2021
Ease what trade Are we only trading within west African countries? Abeg abi make naira get value, even CFA is worse. Every man for himself, it's not gon work undecided

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Re: West African States Postpone Launch Of Regional Currency To 2027 by taiwotimitt: 7:01pm On Jun 20, 2021
Corrupt African leaders will find this interesting.
Collective money laundering is coming if it can be actualized...

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Re: West African States Postpone Launch Of Regional Currency To 2027 by Generalwoodz(m): 7:01pm On Jun 20, 2021
Before 2027 the naira would have been so useless.
Something like; 1dollar==5000 naira
We would have no option than embrace the west African currency with open arms...
With the way things are going now I pray we don't have to wait till 2027 to divide this country

13 Likes 2 Shares

Re: West African States Postpone Launch Of Regional Currency To 2027 by Monogamy: 7:01pm On Jun 20, 2021
Better.

The policies are not favouring Nigeria at all..

1 Like

Re: West African States Postpone Launch Of Regional Currency To 2027 by hslbroker2(m): 7:01pm On Jun 20, 2021
Ok
Re: West African States Postpone Launch Of Regional Currency To 2027 by Yankee101: 7:01pm On Jun 20, 2021
Yep. France tried hijacking it

1 Like

Re: West African States Postpone Launch Of Regional Currency To 2027 by amarachieloni: 7:01pm On Jun 20, 2021
;hmmm
Re: West African States Postpone Launch Of Regional Currency To 2027 by DCmonster: 7:01pm On Jun 20, 2021
It will be postponed again until it becomes history. grin

8 Likes

Re: West African States Postpone Launch Of Regional Currency To 2027 by Jas80: 7:01pm On Jun 20, 2021
Na wa. The black race is really something

1 Like

Re: West African States Postpone Launch Of Regional Currency To 2027 by SEGLIZ: 7:02pm On Jun 20, 2021
would they ever actualise this thing.

1 Like

Re: West African States Postpone Launch Of Regional Currency To 2027 by saferoom: 7:02pm On Jun 20, 2021
Hmmm
Re: West African States Postpone Launch Of Regional Currency To 2027 by purpinkx(m): 7:02pm On Jun 20, 2021
Who will print it?
Re: West African States Postpone Launch Of Regional Currency To 2027 by ddigeo(m): 7:04pm On Jun 20, 2021
I guess by that time, they would have made sure, with the help of the
bad governance of Nigeria, make the naira equal to naira, so they can
introduce their nonsense currency that will be printed by France, their
slave masters...mtchwww, Shame on the so called GIANT OF AFRICA

2 Likes

Re: West African States Postpone Launch Of Regional Currency To 2027 by Nobody: 7:04pm On Jun 20, 2021
Will it save Africa from bad leaders ??
Re: West African States Postpone Launch Of Regional Currency To 2027 by Nobody: 7:05pm On Jun 20, 2021
This implementation should be favourable, I think.

The problem is that those with no even ND certificates in Economics or any commercial related courses & who probably never saw beyond the four corners of Naija would still condemn this.

Re: West African States Postpone Launch Of Regional Currency To 2027 by Viktorinox2(m): 7:06pm On Jun 20, 2021
YoungboyNBA:
Abeg, as for me it's much better it's shifted until Bubu is out.
I don't care about what anyone's opinion is but I know, The next Government will restore The Lost Glory.

Meanwhile
You may have just exposed asaba to Fulani attack. Fulani don't want to see a peaceful city

2 Likes

Re: West African States Postpone Launch Of Regional Currency To 2027 by IMAliyu(m): 7:08pm On Jun 20, 2021
A way for the rest of West Africa to escape the franch control of their currency.

1 Like

Re: West African States Postpone Launch Of Regional Currency To 2027 by Faraday1997: 7:09pm On Jun 20, 2021
Machinegun91:
The currency is currently in Abuja
Yeah bro.... Actually we where told to register on a certain app here at Abuja. I have been paid in this eco 6 lumi currency but can't convert it to naira
Re: West African States Postpone Launch Of Regional Currency To 2027 by Akposb(m): 7:10pm On Jun 20, 2021
The first and necessary hurdle is having an industralised economy. One that is largely independent of foreign influence and a much more closer relationship between countries.

2027 is not really far and the planning should continue.

2 Likes

Re: West African States Postpone Launch Of Regional Currency To 2027 by whela(m): 7:12pm On Jun 20, 2021
Confused Region
Re: West African States Postpone Launch Of Regional Currency To 2027 by stunnert(m): 7:15pm On Jun 20, 2021
I'm actually looking forward to this, because I have a feeling it will cripple the value of dollar here in Nigeria if its exchange rate is better than that of naira

1 Like

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