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Nairaland Forum / Nairaland / General / Business / ECOWAS Adopts ECO As Name Of Single Currency (43993 Views)
ECOWAS Set To Unveil Single Currency ECO / ECOWAS Adopts ECO As Name Of Single Currency,elects Niger President As New Chair / ECOWAS Seeks Proposals For Single Currency Logo, Name (2) (3) (4)
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Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 7:38am On Jun 30, 2019 |
Gabriel411: “ECO” was the name proposed for the common currency way back in 2000 when WAMZ/WAMI were set up...It’s not a new name! > |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Dgr8hassiE(m): 7:40am On Jun 30, 2019 |
ECO to Dollar exchange rate will be? Till my brother. But you can still Buy and sell your foreigh currency for us. |
Re: ECOWAS Adopts ECO As Name Of Single Currency by lavenjcrown(m): 7:41am On Jun 30, 2019 |
I guess they are beefing with naira Marley. Maybe they don't want the naira to sound like a weed smoker. 2 Likes 1 Share |
Re: ECOWAS Adopts ECO As Name Of Single Currency by onatisi(m): 7:42am On Jun 30, 2019 |
i think the best way to go about this is to use some countries to start the process maybe ghana ,togo or any other country but not my nigeria , i beg . and to see how the process works out . i dont think many countries in the region and even nigeria inclusive will be ready to drop their national currencies , it isnt even in their plans , because if it is then they would have been sensitizing the public about it 9jaRealist: 2 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 7:42am On Jun 30, 2019 |
prekumohtim: The British were never part of the common currency (the Eurozone)... And now they have filed their divorce papers, they don’t seem in a hurry to leave the Union. > 1 Like 1 Share |
Re: ECOWAS Adopts ECO As Name Of Single Currency by martineverest(m): 7:42am On Jun 30, 2019 |
Abkreizi:by keeping B4 commenting.... |
Re: ECOWAS Adopts ECO As Name Of Single Currency by silifat11(m): 7:43am On Jun 30, 2019 |
Ecobank congrats hahaha |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Malocity(m): 7:44am On Jun 30, 2019 |
end time. |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Heman7(m): 7:44am On Jun 30, 2019 |
Signs of end time ���� |
Re: ECOWAS Adopts ECO As Name Of Single Currency by aisammy4: 7:44am On Jun 30, 2019 |
Yohh: I support your statement. People are being unnecessarily pessimistic on anything new that is introduced. I wonder why people will just reject it when it has not been tried. In Europe, Euro is generally acceptable. Britain used pound sterling and this did not affect the value of pound. And as we all know value for pound is higher than Euro. Using Euro did not reduce the value for pound sterling in Europe. Coming to West Africa, there is nothing wrong if we introduce Eco as a single currency. It will rather help us to relate more, carryout business transactions with ease, develop and strengthen economic status of the region. It will also minimise or reduce the use of dollars in our transaction dealings. We should encourage our own because if we dont we will continue to help west develop their economy while ours rot. 10 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 7:44am On Jun 30, 2019 |
BB9ja007: I don’t think Nigeria will meet the convergence (admittance) criteria by next year... > 5 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by mmsen: 7:47am On Jun 30, 2019 |
edeXede: Easier transactions within ECOWAS. 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by chrischike(m): 7:49am On Jun 30, 2019 |
aaronson: God bless you man.. never knew intelligent people still exist on this platform The US made that man look like a tyrant 3 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by IamCharles123: 7:52am On Jun 30, 2019 |
prekumohtim:Abeg make the naira die, it has no value |
Re: ECOWAS Adopts ECO As Name Of Single Currency by SendAbroad: 7:52am On Jun 30, 2019 |
Ghana must go bags of Eco |
Re: ECOWAS Adopts ECO As Name Of Single Currency by lomprico(m): 7:52am On Jun 30, 2019 |
prekumohtim: E go pay us! Naira is one of the weakest currency in ecowas |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Boyooosa(m): 7:54am On Jun 30, 2019 |
prekumohtim:But naira is nothing to write home about na, even as as at date... |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Deoboss(m): 7:55am On Jun 30, 2019 |
If well implemented & monitored very well without any form of corruption then it is the best thing to happen to Africa. $1 = 6 Cedis i heard. Even if $1 may be equal to 100 Eco then we are better off than the #360 (naira) we have now Kingzd: |
Re: ECOWAS Adopts ECO As Name Of Single Currency by aisammy4: 7:56am On Jun 30, 2019 |
Decolonel: I'm amazed that we have not even understand that the world has been using single currency all this while. It is not new abeg. Dont forget that there is no place you go in this world, even China that u cannot exchange dollars. Not just Dollars oh, Pound sterling, Euro, Dutch, Chinese Yen etc can all be used for transactions anywhere across the globe. That translate to mean they are world currency. But take naira note to China if u will find it easy to exchange? 3 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by MrBONE2(m): 7:56am On Jun 30, 2019 |
9jayes: WHat about RAND |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Ferdinandu(m): 7:57am On Jun 30, 2019 |
Africans and stupidity in their copycat the component states are all have wobbling currency and economy and they are rushing to integrate. I wonder what is going to happen in few years of the said currency. Greek was a crisis. Ecowas will be calamity |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 7:57am On Jun 30, 2019 |
BB9ja007: onatisi: For better or for worse, I don’t think Nigeria will meet the convergence/admittance criteria by next year... It would be rather awkward to have the biggest economy outside of the common currency, and thus the “fudge” is to essentially phase in the common currency, with WAMZ nations (including Nigeria) accepting each other’s currency probably starting this year (2019) as a first step towards integrating the Zone’s payment systems (of course the CFA Zone is already integrated), but this will NOT be a cake-walk at all. > |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Osefonria: 7:58am On Jun 30, 2019 |
I predicted that the currency will be named "Eco" and friends doubted me. |
Re: ECOWAS Adopts ECO As Name Of Single Currency by onatisi(m): 7:59am On Jun 30, 2019 |
it seems the eco will not be use as local tender but just when moving to another west african country , or am i wrong ? 9jaRealist: |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 8:00am On Jun 30, 2019 |
aisammy4: Sadly, when our parents were young, one could exchange the Naira on the high street in London (and perhaps New York, but not sure)... > |
Re: ECOWAS Adopts ECO As Name Of Single Currency by MrBONE2(m): 8:01am On Jun 30, 2019 |
Kingzd: IT would have been better if 1 ECO = $371 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by kingaruoture(m): 8:04am On Jun 30, 2019 |
The WORLD is actually coming to an END. PLEASE repent. One currency in Euro, now in West Africa. Hmmmmm
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Re: ECOWAS Adopts ECO As Name Of Single Currency by Fourwinds: 8:07am On Jun 30, 2019 |
Focusmind:you have said it all.. African leaders are very foolish except few.... They just talk any how as if achievement is by talking |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Daverytimes(m): 8:07am On Jun 30, 2019 |
prekumohtim:How is that working out for them? |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 8:07am On Jun 30, 2019 |
onatisi: I believe it will be local legal tender (though one proposal is start in WAMZ and then ‘merge’ with CFA)... But limiting it to intra-community trade (at least at the outset) could be a more sensible route to proceed. > |
Re: ECOWAS Adopts ECO As Name Of Single Currency by vaxx: 8:08am On Jun 30, 2019 |
Focusmind:so far , only Ghana meet the requirement .The idea will not be actualize by 2020. Nigeria, the main pillar of ecowas economy is yet to get it right. |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Parablesonmarble: 8:08am On Jun 30, 2019 |
Gabriel411: I think WAFRO would be a better suggestion. ECO is from Economic Community Of, which is kind of a general thing. WAFRO would be from West Africa which is more indicative of the concerned region. But what do I know? Aside that, I wish someone would enlighten me on the benefit of this kind of deal for Nigeria in view of Britain pulling out of a saner Euro. I feel kind of uneasy with Morocco encroachment on the region. 2 Likes 1 Share |
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