African Central Bank
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Politics of the African Union |
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The African Central Bank (ACB) is one of the original five financial institutions and specialized agencies of the African Union. Over time, it will take over responsibilities of the African Monetary Fund.
When it is fully implemented, the ACB will be the sole issuer of the
exchange rates
which may or may not be in sync with regional central banks; all in conjunction with the African Government's administration.
The single African currency is to be composed of currency units made up of regional central bank currency units of which are made up country specific currencies (
Economic Community of West African States (ECOWAS) - Western Afriq or ECO, East African Community (EAC), Eastern Afriq - Common Market for Eastern and Southern Africa (COMESA)
- Central Afriq etc.).
See also
- Abuja Treaty
- European Central Bank
- Economic Community of West African States(ECOWAS)
- Euro
- African Monetary Union
- Central African CFA franc
- The Common Monetary Area
- Eco (currency)
- Monetary union
References
External links
- "Pan African remittances conference, February 8th 2007" (PDF). 4 September 2006. Retrieved 2015-11-09.
- https://web.archive.org/web/20070828225900/http://commentisfree.guardian.co.uk/calestous_juma/2007/07/right_vision_wrong_strategy.html
- "BBC NEWS | Business | West African central bank robbed". Archived from the original on 2002-09-05. Retrieved 2015-11-09.
- Adebajo, A.; Rashid, I.O.D. (2004). West Africa's Security Challenges: Building Peace in a Troubled Region. Lynne Rienner Publishers. p. 61. ISBN 9781588262844. Retrieved 2015-11-09.
- https://web.archive.org/web/20120609070731/http://www.edpsg.org/Documents/Dp14.doc
- Salacuse, J.W. (2000). The Wise Advisor: What Every Professional Should Know about Consulting and Counseling. Praeger. p. 30. ISBN 9780275967260. Retrieved 2015-11-09.