WAMZ to set up banking supervisory agency

As part of the West African Monetary Zone's (WAMZ) push towards a single currency, an external supervisory agency for banking supervision is to be set up, according to a report from Vanguard.

Source: Vanguard

In order to enhance the single currency objective of the West African Monetary Zone (WAMZ) an external supervisory agency for banking supervision in the zone, to be known as West African Financial Supervisory Authority (WAFSA), would soon be established.

Also to be established is a deposit

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