WAMZ
E784230
WAMZ is a proposed monetary union of several West African countries aiming to introduce a common currency and deepen regional economic integration.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
proposed monetary union
ⓘ
regional economic integration initiative ⓘ |
| aimsToHarmonize |
financial sector regulations
ⓘ
fiscal policies ⓘ monetary policies ⓘ |
| continent | Africa ⓘ |
| cooperatesWith |
ECOWAS
NERFINISHED
ⓘ
West African Economic and Monetary Union NERFINISHED ⓘ |
| currencyStatus | not yet introduced ⓘ |
| fullName | West African Monetary Zone NERFINISHED ⓘ |
| goal |
deepen regional economic integration
ⓘ
enhance monetary cooperation in West Africa ⓘ facilitate trade among member countries ⓘ introduce a common currency ⓘ promote macroeconomic convergence among member states ⓘ |
| integrationType |
economic integration
ⓘ
monetary integration ⓘ |
| language |
English
ⓘ
French ⓘ Portuguese ⓘ |
| memberState |
Gambia
NERFINISHED
ⓘ
Ghana NERFINISHED ⓘ Guinea NERFINISHED ⓘ Liberia NERFINISHED ⓘ Nigeria NERFINISHED ⓘ Sierra Leone NERFINISHED ⓘ |
| objective |
create a single monetary policy for member states
ⓘ
increase economic competitiveness of member countries ⓘ reduce transaction costs in intra-regional trade ⓘ |
| policyFocus |
exchange rate stability
ⓘ
fiscal discipline ⓘ macroeconomic policy coordination ⓘ price stability ⓘ |
| proposedCurrencyName | Eco NERFINISHED ⓘ |
| region | West Africa ⓘ |
| relatedConcept |
common currency area
ⓘ
optimum currency area ⓘ |
| relatedOrganization | West African Monetary Institute NERFINISHED ⓘ |
| status |
not yet implemented as a full monetary union
ⓘ
under discussion ⓘ |
| subregion | Sub-Saharan Africa NERFINISHED ⓘ |
| usesCurrentCurrenciesOf |
Gambia
NERFINISHED
ⓘ
Ghana NERFINISHED ⓘ Guinea NERFINISHED ⓘ Liberia NERFINISHED ⓘ Nigeria NERFINISHED ⓘ Sierra Leone NERFINISHED ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.