NOI clarifies feasibility of single currency in West Africa

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2 Responses

  1. Ayobami Oladejo says:

    Learn from the Euro and the challenges faced by Greece, Italy and others. I am not sure a unified currency is needed especially when we don't have one government. At the moment, the Greek government should be devaluing their currency but this is not possible as the Euro is not their exclusive property. Germany, Netherlands, etc also wont want to devalue since their economies are strong and devaluation would lead to a rise in inflation which the European Central Bank loathes. We will face the same problem in West Africa when some countries are more fiscally responsible while some are not.