West Africa Should Decide on Common Currency by 2020: Ivory Coast

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West Africa Should Decide on Common Currency by 2020: Ivory Coast
West Africa Should Decide on Common Currency by 2020: Ivory Coast

Western African countries who meet conditions should declare together whether they will
join a common currency for the region by 2020, Ivory Coast President Alassane Ouattara. Last month the 15-member Economic Community of the West African States, known as ECOWAS, agreed to call the planned currency “Eco”. “We hope that this can be done as soon as possible. It is the wish of the people,” Ouattara said in Paris after a meeting with French President Emmanuel Macron. “All depends on the willingness of each state.

Ivory Coast respects the criteria for coming together in 2020 and others do too. But some do not.” Eight ECOWAS countries —Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo — jointly use the CFA franc. They are moored to the single European currency and are gathered in an organization called the West African Monetary Union, or WAMU. But the seven other ECOWAS countries have their own currencies, none of them freely convertible.

CENTER FOR AFRICAN STUDIES

Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.

AFRICA OBSERVATORY

Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.



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