ECOWAS Seeks Proposals For Single Currency Logo, Name

The hotly anticipated dream of having a solitary cash among the 15 part conditions of ECOWAS (Economic Community of West African States) to encourage smooth local exchange 2020 has stepped forward, with calls of proposition for a name and logo for the proposed single money.

The possibility of a solitary cash has been in the pipeline since 1983, when pioneers of the sub-locale met to talk about different issues and in addition the joining of the provincial economy. In any case, in 2009, following quite a while of little advancement concerning the selection of a solitary cash, the local body in 2009 embraced a guide, with the point of making the ECOWAS single money in 2020.

After four years, in 2013, ECOWAS set up a taskforce to regulate the way toward promoting the formation of the single cash, given the various postponements.

The taskforce met in Accra this year and overhauled the course of events for accomplishing a solitary cash. Notwithstanding ten different projects, the team set 2020 as a due date for choosing the name of the ECOWAS single cash.

As indicated by the terms of reference distributed on the Central Bank of Liberia’s site, the opposition is available to all residents of ECOWAS part states for nothing out of pocket, with winning prizes extending from US$10,000, US$8,000, and US$5,000 individually for recommendation that starts things out, second and third place.

“Appropriately, all proposition for cash name will not be founded on the name of a man, ethnic gathering or contain articulations straightforwardly connected with a religion, nation or national establishment, among others. Then again, the logo will, in addition to other things, symbolize solidarity and shared social and authentic estimations of ECOWAS.

“Every contender may submit just a single proposition for the name of the money as well as the logo of the cash. Every member will affirm that the proposition is his/her own and selective work and that all assets and information utilized in the production of the proposition don’t and will never establish an encroachment of good or, licensed innovation rights or the privileges of a third individual or element,” the term of reference said.

The term of reference said passages must be sent to the ECOWAS Commission’s location in Nigeria by November 20, 2018.