Rus News Journal

Nigeria negatively reacts to an IMF position in connection with creation of uniform currency of the countries of the Western Africa

Nigeria has sharply reacted to an IMF position in connection with creation of uniform currency of the countries of the Western Africa. According to the statement of the secretary of the Nigerian ministry of economic integration and cooperation in Africa Braunsana the Grandfather, in a brief prepared by a commission of experts of the international financial institution, becomes the conclusion directed against creation of the general monetary system in region. The reason of negative attitude to uniform currency is that Nigeria will be " the improper partner in the project ".

As the correspondent " passes; News " according to authors of the document, Nigeria as to the leader western - to the African country will currency belong - financial levers in the Central bank of the Western Africa W which help it can operate inflationary processes in the interests and put pressure upon other countries of region.

Reacting to an IMF position, the Nigerian minister has declared that " the report of group of IMF is the prudent attempt adjoining on blackmail, to stop the steps directed on integration and development of economy of the countries of region ". As the Grandfather has noticed that " Nigeria always was the adherent of development of trade between western - the African countries and did not aspire to be dependent on trade W Europe ". The minister has underlined that " what difficulties would not get in way of creation of uniform currency, the Western Africa does not have other choice ".

the West African monetary union is created some years ago under the decision of Economic community of the states of the Western Africa/ EKOVAS/. Within the limits of the union WRK on formation of the Central bank of the Western Africa and introduction of the general currency, planned for 2004 is conducted.