Comment: The single West African currency, ECO, will reduce transaction costs. Businesses wouldn’t need to exchange currencies for cross-border trade, saving time and money. My Response: Between currency transaction and transportation distribution costs, the currency cost is insignificant. The currency transaction cost of importing a container from China to Lagos port is insignificant compared to [...]The post West African currency, ECO, will Not Improve Intra-Trade in West Africa Without Foundational Infrastructures appeared first on Tekedia.
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