Guinea says it’s opting out of the ECOWAS single currency. The 12 member West African economic bloc is set to launch the monetary union and eco currency in July 2027. Guinea is the first member state to say it’s retaining its national currency.
You must log in or register to comment.
I wonder will there be many more opt-outs. Having seen how much the EU has benefitted Europe and allowed us to defend our regional interests through (admittedly imperfect) solidarity, I’d certainly like to see ECOWAS sow and reap the same rewards, and maybe my analysis is overly simplistic, but I’d guess that a single currency is a significant part of that recipe.
Several EU countries aren’t using the euro and it seems to be going pretty well.