West African Monetary Zone (WAMZ) Nigeria

1. Introduction to the West African Monetary Zone (WAMZ)
2. West African Monetary Institute
3. West African Monetary Zone Strategic Plan
4. Structure of the West African Monetary Institute (WAMI)
5. Economy of WAMZ region: The Gambia, Ghana, Guinea, Nigeria, and Sierra Leone
6. Case Study:
   1. Opportunities for Increasing Cross-Border Trade in Banking Sector
   2. WAMZ Payments System Development Project

West African Monetary Zone (WAMZ):

The Subject “West African Monetary Zone (WAMZ)” is included within the curriculum of the following academic programs at EENI Global Business School:

Doctorate in African Business.

Master in Business in Africa, International Business.

Languages: or Zone monétaire de l’Afrique de l’Ouest (ZMAO) Área Monetária da África do Oeste (ZMAO) Zona Monetaria del África Occidental (ZMAO).

Area of Knowledge: Africa.

West African Monetary Zone (WAMZ).

1. The West African Monetary Zone (WAMZ) is a monetary and customs union with a common currency, the CFA Franc
2. Initially, they propose the introduction of the Single Currency in 2003
3. Finally, they agreed to launch the new single currency in 2015

The objectives of WAMZ are.

1. To promote regional trade integration
2. To facilitate Foreign Trade and financial operations
3. To harmonize legislation and statistics
4. To develop the payment systems
5. To encourage macroeconomics convergence

The West African Monetary Institute (WAMI) is the main body responsible for the creation of the:

1. Common West African Central Bank
2. Single Currency of WAMZ

The West African Monetary Zone (WAMZ) region.

1. 1.60 million km²
2. 195 million people (77% of ECOWAS and 21% of the African population)
3. Total GDP: 73% of ECOWAS and 19% of Africa
4. Largest economy: Nigeria (76% of WAMZ population; 86% of WAMZ GDP; Crude oil represents 97% of Nigerian exports
5. Second economy: Ghana (9% of WAMZ GDP)
6. Main religions: Islam and Christianity
7. Lagos-Mombasa Logistics Corridor
8. Largest port: Port of Lagos

The West African Monetary Zone (WAMZ) belongs to the West African Economic Area.

See also: West African Economic and Monetary Union.

Ouandaogo Abdoul Karim (Student of the Master of Science in International Business, University of Ouagadougou & EENI) winner of a WAEMU regional award.

EENI African Business Portal.