Nigeria: IMF won't derail African single currency

Nigeria on Thursday reacted sharply to criticism by the International Monetary Fund (IMF) of the proposed single currency for the West African sub-region, warning that no amount of blackmail would stop the project. CentralBankNet reported the IMF research on Wednesday which suggested it was not in African countries interests to enter a monetary union with Nigeria.

The IMF, had in a working paper prepared by three of its researchers and submitted last month, warned against creation of a single

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