{"id":1536,"date":"2017-11-03T03:27:03","date_gmt":"2017-11-03T03:27:03","guid":{"rendered":"http:\/\/nigerianews.ca\/?p=1536"},"modified":"2017-11-03T03:46:24","modified_gmt":"2017-11-03T03:46:24","slug":"ecowas-confident-of-single-currency-dream-despite-low-probability","status":"publish","type":"post","link":"https:\/\/nigerianews.ca\/ecowas-confident-of-single-currency-dream-despite-low-probability\/","title":{"rendered":"ECOWAS confident of single currency dream despite low probability"},"content":{"rendered":"
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Nov, 3, 2017:\u00a0\u00a0West African leaders confident about their ability to have a single currency before 2020 although the probability remains low.<\/address>\n<\/div>\n<\/header>\n
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West African leaders discussed on the way forward during the head of states summit of the Economic Community of West Africa states in Niamey on Tuesday.<\/p>\n

\u201cWhen we look at the facts, we can say that the roadmap has not been implemented rigorously, important progress has been made for convergence, but these results are weak and therefore we can not have the common currency by 2020,\u201d ECOWAS<\/span> Commission head, Marcel de Souza said.<\/p>\n

Experts suggest that a fresh political will from West Africa heads of States could bring back the aspirations of a single-currency for ECOWAS<\/span>.<\/p>\n

Niger\u2019s Issoufou Mahamadou says it is necessary to start with countries which are \u201ctechnically ready\u201d.\u201cWe must do everything possible to respect the 2020 deadline even if we should start with an innovative formula, for example is it possible to envisage, following a gradual approach, the formal creation. States are technically ready for a single currency that could circulate as from 2020,\u201d the president of Niger, Mahamadou Issoufou, said.<\/p>\n

Founded in 1975, ECOWAS<\/span> is made up of 15 countries with about 300 million inhabitants who use different currencies.<\/p>\n

Eight of these countries use the CFA<\/span> franc, pegged to the euro, and are gathered within the West African Economic and Monetary Union.<\/p>\n

AfricaNews<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Nov, 3, 2017:\u00a0\u00a0West African leaders confident about their ability to have a single currency before 2020 although the probability remains low. West African leaders discussed on the way forward during the head of states summit of the Economic Community of West Africa states in Niamey on Tuesday. \u201cWhen we look at the facts, we can […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[49],"tags":[],"yoast_head":"\nECOWAS confident of single currency dream despite low probability<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nigerianews.ca\/ecowas-confident-of-single-currency-dream-despite-low-probability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECOWAS confident of single currency dream despite low probability\" \/>\n<meta property=\"og:description\" content=\"Nov, 3, 2017:\u00a0\u00a0West African leaders confident about their ability to have a single currency before 2020 although the probability remains low. 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