The aim is to have the currency in place by next year and leaders in Abuja reaffirmed the “gradual approach to the single currency starting with countries that meet the convergent criteria,” a statement said.
It said the currency would be based on a flexible exchange rate regime, coupled with a monetary policy framework focused on inflation targeting.
Paul Kagame salutes the adoption of single currency by western Africa african american museum
The aim is to have the currency in place by next year and leaders in Abuja reaffirmed the “gradual approach to the single currency starting with countries that meet the convergent criteria,” a statement said.
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