The Joint Meeting is in preparation for the meeting of the Committee of Governors and the Convergence Council scheduled for February 21 and February 22, 2019, respectively, in Dakar. The key focus of the 34th Joint Meeting is to review progress on the ECOWAS Single Currency programme scheduled for 2020 as part of the ECOWAS Monetary Cooperation (EMPC). According to the WAMA Director General, the Liberian dollar experienced the highest depreciation followed by the Leone. This Director General Saho observed, reflected trends in the international foreign exchange market but also the peculiar economic situation of some Member States. The Liberian dollar, on the other hand, depreciated against all ECOWAS currencies,” the WAMA Director General pointed out in his report.

Source: Front Page Africa February 19, 2019 23:48 UTC