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Central Bank Governors Meet to Finalize West Africa’s Single Currency – China Daily
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Central bank governors meet to finalize West Africa’s single currency – China Daily
Central bank governors from 12 West African nations are meeting in Liberia’s capital, Monrovia, to finalize plans for the launch of the region’s long-delayed single currency, the ECO, scheduled for 2027. The three-day meeting, running from Thursday to Saturday, marks an important step in the Economic Community of West African States’ ambition to deepen economic integration among its 12 member countries. The initiative mirrors aspects of the Euro…
·Nairobi, Kenya
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CBL Governor Stresses Political Will for Single Currency Success
West Africa's ambition to launch the ECO currency relies on political will. Economic growth, inflation reduction, and fiscal improvements demonstrate progress, but challenges with institutional readiness could jeopardize the 2027 launch.
·Monrovia, Liberia
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