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Nairaland Forum / Nairaland / General / Business / ECOWAS Adopts ECO As Name Of Single Currency (45412 Views)
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ECOWAS Adopts ECO As Name Of Single Currency by ExAngel007(f): 6:44am On Jun 30, 2019 |
Abuja – The Authority of ECOWAS Heads of State and Government on Saturday adopted ECO as the name of the single currency to be issued in January 2020. The leaders at their 55th Ordinary Session in Abuja endorsed the name while congratulating the Ministerial Committee on the Single Currency for the considerable progress recorded in the implementation of the revised roadmap. Nigeria’s Permanent Secretary, Ministry of Foreign Affairs, the Authority instructed the ECOWAS Commission to work in collaboration with West African Monetary Agency. The leaders also instructed the commission to work with West African Monetary Institute and the central banks to accelerate the implementation of the revised roadmap with regard to the symbol of the single currency. The Authority also directed the commission and the central banks to accelerate the operation of the Special Fund for financing of programmes in the revised Roadmap for the ECOWAS Single Currency Programme. “It further directs the commission to ensure implementation of the recommendations of the meeting of the ministerial committee held in Abidjan on June 17 and June 18 as well as preparation and implementation of the Communication Strategy for the single currency programme. “The Authority takes note of the 2018 macroeconomic convergence report. It noted the worsening of the macroeconomic convergence and urges member states to do more to improve on their performance in view of the imminent deadline.” Furthermore, the ECOWAS Chairman President Issoufou Mahamadou said the revised roadmap still stipulated that the single currency would be issued in Jan. 2020. “We have not changed that but we will continue with assessment between now and then. “We are of the view that countries that are ready will launch the single currency and countries that are not yet ready will join the programme as they comply with all six convergence criteria.” He also said that there was “a real firm political will” for the region to hastily achieve the single currency. (NAN) https://www.vanguardngr.com/2019/06/ecowas-adopts-eco-as-name-of-single-currency/ 13 Likes 2 Shares |
Re: ECOWAS Adopts ECO As Name Of Single Currency by lilianofentse(f): 6:47am On Jun 30, 2019 |
F T C Happy Sunday To all Nairaland Christians. 41 Likes 9 Shares |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Nobody: 6:47am On Jun 30, 2019 |
The death of Naira in an attempt to be like the Europeans ; Denmark and British realise it and walked away from the deal 55 Likes 11 Shares |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jayes: 6:47am On Jun 30, 2019 |
ECO BANK comes to mind. If you wants to convert ur funds( Btc, Pm, fiverr, upwork, PayPal) to ECO or Naira see my signature. 1ECO = $45 Thanks 92 Likes 11 Shares |
Re: ECOWAS Adopts ECO As Name Of Single Currency by sloye5(m): 6:48am On Jun 30, 2019 |
Nice one 6 Likes 2 Shares |
Re: ECOWAS Adopts ECO As Name Of Single Currency by ramdris(m): 6:48am On Jun 30, 2019 |
So ECO to Dollar exchange rate will be? 40 Likes 1 Share |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Lanrextop23333(m): 6:48am On Jun 30, 2019 |
Dead on arrival 49 Likes 2 Shares |
Re: ECOWAS Adopts ECO As Name Of Single Currency by edeXede: 6:48am On Jun 30, 2019 |
Will this have any positive economic impact in Nigeria? 27 Likes 2 Shares |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Oyecute(m): 6:48am On Jun 30, 2019 |
I hope our economic policy and political charlatans would favour this 3 Likes 2 Shares |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Nobody: 6:48am On Jun 30, 2019 |
Re: ECOWAS Adopts ECO As Name Of Single Currency by CosmicPhoenix: 6:48am On Jun 30, 2019 |
lilianofentse: 9 Likes 1 Share
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Re: ECOWAS Adopts ECO As Name Of Single Currency by Nobody: 6:48am On Jun 30, 2019 |
I'm glad we starting to evolve. This is the course Ghadaffi was fighting for until the US thwarted him to kill the idea. Obviously the US wouldn't like the news. 81 Likes 5 Shares |
Re: ECOWAS Adopts ECO As Name Of Single Currency by blackseed(m): 6:48am On Jun 30, 2019 |
Good move for Africa. 16 Likes 2 Shares |
Re: ECOWAS Adopts ECO As Name Of Single Currency by MaleoPearls(m): 6:48am On Jun 30, 2019 |
I hope it would have weight as the Euro 11 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by MrPresident1: 6:49am On Jun 30, 2019 |
500 Eco to 1 USD Slaves 34 Likes 4 Shares |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Yohh: 6:49am On Jun 30, 2019 |
I don't understand why some people are just unnecessary pessimistic, always antagonizing anything and everything of their own even without a rational backup explanation. I'm hopeful this will strengthen our currency strength. Euro is very strong even more than d USD. If this happens to be d end of naira, so be it. Who naira help before? 191 Likes 18 Shares |
Re: ECOWAS Adopts ECO As Name Of Single Currency by OBTMOS(m): 6:49am On Jun 30, 2019 |
Bh |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Dhortunn(m): 6:49am On Jun 30, 2019 |
Wait. So is this the end of Naira, Cedis, CFA Franc and the rest? 11 Likes 2 Shares |
Re: ECOWAS Adopts ECO As Name Of Single Currency by StrikeBack(m): 6:49am On Jun 30, 2019 |
3 Likes 1 Share |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Kingzd: 6:49am On Jun 30, 2019 |
ECO ECO This may be a great move anyway. I just pray it can just swallow dollars so that man pikin can buy stuffs from USA at a very cheaper rate. I ECO. = $0.5 ���� 14 Likes 1 Share |
Re: ECOWAS Adopts ECO As Name Of Single Currency by adigunomomama(m): 6:49am On Jun 30, 2019 |
ECOmug 600 ECO to 1 USD 8 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by lilianofentse(f): 6:49am On Jun 30, 2019 |
CosmicPhoenix:MJBOLT 2 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Seankhalifa: 6:49am On Jun 30, 2019 |
Na so.... 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by technuel: 6:49am On Jun 30, 2019 |
Hope this favours Nigeria 3 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by ibietela2(m): 6:50am On Jun 30, 2019 |
Why not a single currency with the whole of Africa? I don't know if in Europe east, west, south has its own currency different from the euros 4 Likes 1 Share |
Re: ECOWAS Adopts ECO As Name Of Single Currency by gadgetarena: 6:50am On Jun 30, 2019 |
Na year 3000 them go begin use am 11 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by stevenosa(m): 6:50am On Jun 30, 2019 |
ramdris: Will be echoing. 12 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Wiseandtrue(f): 6:50am On Jun 30, 2019 |
End time things 20 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Burgerlomo: 6:51am On Jun 30, 2019 |
ramdris: 1-1 4 Likes 1 Share |
Re: ECOWAS Adopts ECO As Name Of Single Currency by psychologist(m): 6:51am On Jun 30, 2019 |
sounds more like ego igbo amaka 48 Likes 3 Shares |
Re: ECOWAS Adopts ECO As Name Of Single Currency by BruncleZuma: 6:51am On Jun 30, 2019 |
O ni baje ooo |
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