" Tarek Amer " : the establishment of a unified African Central Bank requires the will of African leaders

SHARM EL SHEIKH - Eco – Fady Labib:
Tarek Amer, governor of the Central Bank of Egypt (CBE)  and chairman of the African Central Banks Association, said that the establishment of a unified African Central Bank and a unified African currency would be completed by 2043. This requires the consensus and political will of the leaders of African countries. The budget deficit and the monetary reserves, the deficit of budgets, the balance of payments and the legislative...

legal and other structures. He pointed out during the final press conference of the meetings of the Association of African Central Banks hosted by Egypt on In the past two days in the city of Sharm el-Sheikh, that the Assembly has already started the steps towards achieving this great goal, and began to set rules and procedures to achieve the greatest goal of establishing an African Central Bank and a unified African currency.

The chairman of the Association of Central Banks explained that the meetings of the African central banks over two days in Sharm el-Sheikh have witnessed strong discussions on common issues and concerns of our African country, including the challenges faced by the many and accelerating changes in the world, which affect our markets and we the central bankers in the continent are busy with these variables He pointed out that the central African central bankers are fully aware of these variables and that they will not be able to deal with them in a single way, but through collective action and through the Association of African Central Banks Which includes the continent's largest monetary policymakers.