kopf


West African Monetary Zone

Wikipedia short information

Formed in 2000, the West African Monetary Zone (WAMZ) is a group of six countries within ECOWAS that plan to introduce a common currency called the Eco.[23] The six member states of WAMZ are Gambia, Ghana, Guinea, Nigeria and Sierra Leone who founded the organization together in 2000 and Liberia who joined on 16 February 2010. Apart from Guinea, which is Francophone, they are all English-speaking countries. Along with Mauritania, Guinea opted out of the CFA franc currency shared by all other former French colonies in West and Central Africa.

The WAMZ attempts to establish a strong stable currency to rival the CFA franc, whose exchange rate is tied to that of the Euro and is guaranteed by the French Treasury. The eventual goal is for the CFA franc and Eco to merge, giving all of West and Central Africa a single, stable currency. The launch of the new currency is being developed by the West African Monetary Institute based in Accra, Ghana.

Link: WAMZ

Official Web-Site

 

WAMZ map

 

Members, Observers and other participations

Full members Observers Special members
Gambia    
Ghana    
Guinea    
Liberia    
Nigeria    
Sierra Leone    

 

 

 

facebook Tweet this google mail

 

Back Home Imprint Print