Jennifer Efua Afful Accra, Ghana 2 Questions 2 Answers 0 Best Answers 115 Points View Profile 2 Jennifer Efua Afful West Africa Asked: November 16, 2018In: Business and Investments If all of Africa spent one currency, would we be United economically? 2 If all of Africa spent one currency, would we be United economically? africacurrencyeconomicsmoneyunited Share Facebook Report 4 Answers Voted Oldest Recent Daisy Mwikali Nairobi, Kenya 2 Questions 161 Answers 13 Best Answers 3,643 Points View Profile Best Answer Daisy Mwikali East Africa Added an answer on November 16, 2018 at 6:39 pm The concept of a unified currency has been seen to work for other countries. Look at the Euro for example. I guess the USD is also an example because if each state in the US had its own currency, they wouldn’t be as strong as they are today. The question of an African Currency goes beyond unity and economics. We need to consider the political state of the different African countries. We are very diverse and even have different goals, ideologies, international partners… etc. With this aside, a united African currency will definitely make Africa stronger but may not automatically fix our economic issues like debt and so on. It is a good idea indeed but we have a lot of domestic issues and selfish interests that will affect the actualisation of such a currency in the near future. I however for-see a united africa with a centralised government that will inevitably have one strong currency. It may take decades or even centuries to get there but it is a high possibility. 1 Login to Reply Share Share Share on Facebook Share on Twitter Share on Google plus Share on WhatsApp Manser Thelua Kenya 5 Questions 114 Answers 1 Best Answers 3,267 Points View Profile Manser Thelua East Africa Replied to answer on November 22, 2018 at 4:55 am Africa can never have a united currency. Gadaffi tried but it failed and he was killed for it. He even tried to share the idea of United States of Africa but it also failed. We are the problem. Let’s deal with our own dirty laundry before sharing it with our neighbours who are sailing in the same sea. 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on Google plus Share on WhatsApp Hughes Kwesi Williams Accra, Ghana 1 Questions 3 Answers 1 Best Answers 235 Points View Profile Hughes Kwesi Williams West Africa Replied to answer on December 4, 2018 at 3:43 am I agree with this. 1 Login to Reply Share Share Share on Facebook Share on Twitter Share on Google plus Share on WhatsApp Felix Mwantonga Lusaka, Zambia 2 Questions 23 Answers 2 Best Answers 945 Points View Profile Felix Mwantonga Southern Africa Added an answer on November 18, 2018 at 5:59 pm We should start by managing our smaller currencies respectively. If we can work with what we have now, it will be much harder to organise around a Central Bank of Africa idea. 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on Google plus Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.