Mr
Kalilou Traore, ECOWAS Commissioner for Industry and Private Sector Promotion,
has said that the commission is committed to implementing a single currency in
West Africa by 2020. Traore told newsmen in Lagos on Tuesday that the
commission was fast-tracking processes toward ensuring the implementation of
the single currency within the period.
He
said that there were several political and technical implications to be
considered during the formulation process that would guarantee the achievement
of the policy. “More states have to comply with some macroeconomic criteria
like inflation, budget deficit, currency stability; without this, if we set up
a common currency, it will fail.”
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