West Africa: ECOWAS Parliament Adopts Pact Toward Single Currency

The parliament adopted its resolution for a Draft Supplementary Act on the Pact.

The ECOWAS Parliament on Thursday moved a step closer toward achieving a single currency for the sub-region as it adopted the draft resolution on the Macroeconomic Convergence and Stability Pact.

The pact, which was adopted at the closing of its First Ordinary Session in Abuja, was a critical prelude to achieving the criteria for Member-States’ adoption of the single currency – the ECO.

The parliament adopted its…

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