Afro (currency)

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The Afro is the proposed official currency of the African Union.

The Abuja Treaty is an international agreement signed on June 3rd 1991 in Abuja, Nigeria.^{[citation needed]} 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.^{[citation needed]}

Egypt, Swaziland, and Lesotho have logged reservations over the precise date of monetary union and have requested a 2 to 3 year delay (According to the BBC on January the 3rd, 2008). 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.

[edit] 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
Monetary union