Afro (currency)

Afro (currency)

The Afro is the proposed official currency of the African Union. [http://www.godlikeproductions.com/forum1/message562211/pg1]
[http://www.babylon.com/definition/Afro%20(currency)/Serbian]
[http://tech.mit.edu/V124/N25/basil25.25c.html]

The Abuja Treaty is an international agreement signed on June 3 1991 in Abuja, Nigeria. Fact|date=February 2008 The treaty created the African Economic Community and will cover most of the Afrozone.

The current timeline established by the Abuja Treaty calls for the afro to be instituted by the African Central Bank by 2028. Fact|date=February 2008

Egypt, Swaziland, and Lesotho have logged reservations over the precise date of monetary union and have requested a two- to three-year delay "(According to the BBC on January 3 2008)." The South African rand is presently acting as legal tender in South Africa, Swaziland, Lesotho, Namibia and throughout the Common Monetary Area. The Seychelles may not join as a result of economic fears and may, like Cape Verde, attempt to join the euro at a later date.

The signatories

Signatories to the treaty were: [ [http://www.dfa.gov.za/foreign/Multilateral/africa/aec.htm] ] [ [http://www.au2002.gov.za/docs/key_oau/aectreat1.htm] ]
* Algeria
* Angola
* Benin ‡
* Botswana
* Burkina Faso ‡
* Burundi
* Cameroon ‡
* Cape Verde ¶ ~
* Central African Republic ‡
* The Comoros
* Republic of Congo ‡
* Cote d'lvoire ‡
* Djibouti
* Egypt ¶ ¤
* Ethiopia
* Equatorial Guinea ‡
* Gabon ‡
* The Gambia ∞
* Ghana ∞
* Guinea ∞
* Guinea Bissau ‡
* Kenya
* Lesotho † ¶
* Liberia ∞ ¤
* Libya
* Madagascar
* Malawi
* Mali ‡
* Mauritania
* Mauritius
* Mozambique
* Namibia †
* Niger ‡
* Nigeria ∞
* Rwanda
* Sahrawi ¤
* Sao Tome and Principe
* Senegal ‡
* Seychelles ¶ ~
* Sierra Leone ∞ ¤
* Somalia
* South Africa †
* Sudan
* Swaziland † ¶
* Tanzania
* Chad ‡
* Togo ‡
* Tunisia
* Uganda
* Zaire (DRC) ¤
* Zambia
* Zimbabwe

Footnotes

* † = Uses the S. African Rand.
* ‡ = Uses either the West African CFA franc or Central African CFA franc (C.F.A.).
* ¶ = Lodged a formal reservation over the start date, etc.
* ∞ = Planing to launch a currency called the Eco at an earlier date.
* ¤ = American dollars can be freely used on an informal basis.
* ~ = Once mooted joining the Euro in the long term.

See also

* Euro, European Union's common currency
* Amero, proposed North American currency union
* African Central Bank, proposed central bank for the African Union
* Eco, another attempt at an African common currency, within the ECOWAS community
* Khaleeji (currency), another attempt at a common currency, within the Arab community
* West African CFA franc an existing West African currency union.
* Central African CFA franc an existing Central African currency union.
* List of trade blocs
* Monetary Union

External links

* Dr Karis Muller, Australian National University: [http://www.humanitas.edu.pl/hjes/1vol_issue1/06_muller.pdf The Euro And African Monetary Integration] , in [http://www.humanitas.edu.pl/hjes/ Humanitas Journal of European Studies] , Volume I, Issue 1, November 2007
* [http://portal.unesco.org/culture/en/ev.php-URL_ID=29133&URL_DO=DO_TOPIC&URL_SECTION=201.html The Afro, a prototype currency for all Africa] .
* The Euro And African Monetary Integration, in [http://www.humanitas.edu.pl/hjes/ Humanitas Journal of European Studies] , Volume I, Issue 1, December 2007)


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