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Future: Four African Presidents Reveal Plans To Create Future Currency By 2020

Four West African presidents have as of late unveiled their plans to make a future money that would supplant the prevailing CFA Franc in the 15-nation ECOWAS coalition by 2020. As indicated by a joint explanation.

“Our district needs this binding together instrument, an image of our common predetermination, to merge our traditions union,” ECOWAS administrator and Togolese President Faure Gnassingbe said on Twitter

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The statement endorsed by the presidents of Togo, Ghana, Niger and Ivory Coast who form part of a task force on the envisaged currency, further noted that a committee will be set up for this purpose.

The Nigerian president has, however, warned against this action.

“Nigeria will caution against any position that pushes for a fast-track approach to the monetary union while neglecting fundamentals and other pertinent issues,” said Muhamadu Buhari.

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Written by How Africa

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