CBN Governor, Emefiele Bags New Position as Chairman Of West Africa Monetary Zone, (WAMZ)

Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has been elected chairman of the West Africa Monetary Zone (WAMZ) at the ongoing sub-regional meeting in Abuja.

WAMZ comprises of six countries, namely: Nigeria, Gambia, Ghana, Guinea, Liberia and Sierra Leone.

In his acceptance speech, Emefiele, said “a lot of work needs to be done, especially in respect of the attainment of ECOWAS single currency by 2020.”

He further said everything that is required to be done would be actualised towards achieving the objectives of the regional organization while reiterating Nigeria’s unflinching commitment towards the single currency project in the sub-region.

Emefiele’s resourcefulness is believed to have helped stabilize the naira against the major foreign currencies.

Emefiele was elected Chairman of the International Islamic Liquidity Management Corporation – a global institution established by central banks, monetary authorities and multilateral organisations to create and issue short-term Shariah-compliant financial instruments to facilitate effective cross-border Islamic liquidity management – in 2016

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