Eco
E76527
Eco is the proposed common currency intended to be adopted by member states of the Economic Community of West African States (ECOWAS) to facilitate regional economic integration.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
common currency
ⓘ
proposed currency ⓘ regional currency project ⓘ |
| abbreviation | Eco self-link ⓘ |
| backedBy |
ECOWAS
ⓘ
surface form:
ECOWAS Authority of Heads of State and Government
|
| continent | Africa ⓘ |
| currencyOf |
ECOWAS
ⓘ
surface form:
ECOWAS (planned)
|
| economicBlock | ECOWAS ⓘ |
| expectedBenefit |
elimination of exchange rate risk within ECOWAS
ⓘ
greater price transparency in the region ⓘ reduction of transaction costs in intra-regional trade ⓘ strengthening of regional economic integration ⓘ |
| geographicalScope |
Benin
NERFINISHED
ⓘ
Burkina Faso NERFINISHED ⓘ Cape Verde Islands ⓘ
surface form:
Cape Verde
Côte d’Ivoire NERFINISHED ⓘ Gambia NERFINISHED ⓘ Ghana ⓘ Guinea ⓘ Guinea-Bissau ⓘ Liberia ⓘ Mali ⓘ Niger ⓘ Nigeria ⓘ Senegal ⓘ Sierra Leone ⓘ Togo NERFINISHED ⓘ |
| integrationDimension |
economic integration
ⓘ
monetary integration ⓘ |
| intendedEffectOnCurrencies |
provide a single legal tender for participating ECOWAS states
ⓘ
replace some existing national currencies in ECOWAS ⓘ |
| intendedForUseIn |
ECOWAS
ⓘ
surface form:
Economic Community of West African States
|
| monetaryUnionGoal | creation of a single currency area in West Africa ⓘ |
| organization | ECOWAS ⓘ |
| policyArea |
monetary policy
ⓘ
regional integration policy ⓘ |
| proposedBy |
ECOWAS
ⓘ
surface form:
Economic Community of West African States
|
| purpose |
enhance monetary integration in West Africa
ⓘ
facilitate regional economic integration ⓘ promote trade among ECOWAS member states ⓘ |
| region | West Africa ⓘ |
| relatedConcept |
Economic Community of West African States Monetary Zone
ⓘ
surface form:
West African Monetary Zone
monetary union ⓘ |
| relatedOrganization | West African Monetary Institute ⓘ |
| status |
not yet in circulation
ⓘ
proposed ⓘ |
| subregion |
ECOWAS
ⓘ
surface form:
ECOWAS region of West Africa
|
| targetUsers |
ECOWAS
ⓘ
surface form:
ECOWAS member states
citizens of ECOWAS member states ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.