Group advocates for inclusion of arabic symbols on proposed ECOWAS single currency, “Eco”

Niger’s Islamic group, MYGG has urged the economic community of west African states to consider including Arabic symbols to decorate the proposed West African single currency, Eco.

MYGG made the call through a statement congratulating Niger’s head of state, President Issoufou Mahamadou after he emerged the new chairman of ECOWAS at 55th Ordinary Session of heads of state, held on Saturday in Abuja, replacing Muhammadu Buhari after the expiration of the latter’s one year tenure.

Citing inclusiveness as reasons for the call to include Arabic symbols in the ECO, the group also lauded the organization’s Ministerial Committee on the Single Currency for the considerable progress recorded in the implementation of the revised roadmap.

Recall, ECOWAS leaders instructed the commission to work with West African Monetary Institute and the central banks to accelerate the implementation of the revised roadmap with regard to the symbol of the single currency.

The Authority also directed the commission and the central banks to accelerate the operation of the Special Fund for financing of programmes in the revised Roadmap for the ECOWAS Single Currency Programme.

“It further directs the commission to ensure implementation of the recommendations of the
meeting of the ministerial committee held in Abidjan on June 17 and June 18 as well as preparation and implementation of the Communication Strategy for the single currency programme.

“The Authority takes note of the 2018 macroeconomic convergence report. It noted the worsening of the macroeconomic convergence and urges member states to do more to improve on their performance in view of the imminent deadline.”