Examples of using Monetary zone in English and their translations into Arabic
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The West African Monetary Zone.
There's a monetary zone of geography… which we're not allowed to pass.
The West African Monetary Zone.
In April 2000, six countries-- the Gambia, Ghana, Guinea, Liberia, Nigeria and Sierra Leone-- agreed to create a new second common currency for the West African region,the West African Monetary Zone, by 2003.
The West African Monetary Zone.
Consequently, the Authority urged all member States to ensure strict compliance with the ECOWAS macroeconomic convergence criteria,a necessary condition for the establishment of a single and viable monetary zone in West Africa.
In Africa,efforts are being made to establish a West African Monetary Zone payment system to prepare for a single currency for West African countries.
In respect of monetary cooperation, four studies aimed at preparing the ground for greater currency convertibility andthe establishment of a single monetary zone were also made.
Typical of this gradualist approach is the ECOWAS single monetary zone proposal entailing the adoption of medium- and long-term measures in a coordinated manner.
In the area of monetary and financial cooperation, four studies aimed at preparing the ground for greater convertibility andthe establishment of a single monetary zone were undertaken.
Typical of this gradualist approach is the ECOWAS single monetary zone proposal entailing the adoption of medium-term and long-term measures in a coordinated manner.
West African countries outside the CFA zone are expected to show more fiscalrestraint if they follow through with their decision to form a second monetary zone in the subregion.
A common currency is beingcreated on a gradual basis through the establishment of a second monetary zone by July 2005, which is to be merged later with the existing CFA franc zone. .
The Committee explored different monetary integration approaches in West Africa and progress made in the application of macroeconomicconvergence criteria in relation to the creation of a single monetary zone in the subregion.
At its recent Third Extraordinary Summit,there had been a proposal to create an economic and monetary zone to protect ALBA countries from the financial crisis and to promote the development of their economies.
We are in an extremely unstable monetary zone, which would mean certain limitations for Turkmenistan if we gave up our sovereignty and formed our own policy regarding prices, taxation, budgeting, credit and monetary policy.
In addition, some of the clearing arrangements areconsidered as interim steps towards the formation of single monetary zones, for example the West Africa Clearing House and COMESA clearing.
It should be pointed out that the objective of setting up a single monetary zone in West Africa with a single currency and Central Bank might have to be considered in conjunction with the rather inconsistent objectives of the CFA franc zone. .
A joint African Union Commission-African Central Banks Association(ACBA) committee has been set up to elaborate a common strategy,including collective policies for the creation of a single monetary zone with a single currency and a continental Central Bank.
It is only in Africa that monetary zones have been established(in the cases of the Communauté financière africaine(CFA) franc zone and the rand zone in southern Africa) or are being planned(as in the cases of ECOWAS and COMESA).
The panellist also underscored that there were various harmonization programmes for the creation of monetary unions and that these were well under way,such as the West African Monetary Zone and the West African Economic and Monetary Union.
In June 1998, a monetary reform was introduced in anattempt to, inter alia, unify the country's several monetary zones and combat hyperinflation, but the expansion of the war has deprived the economy of a major part of the production required for monetary stability.
The Authority called on the ECOWAS Convergence Council, composed of Ministers of Finance and Governors of ECOWAS Central Banks,to ensure the harmonization of the programmes of the second monetary zone and those of the ECOWAS single monetary zone. .
To ensure the smooth introduction of the second monetary zone, which would operate in parallel to the West African CFA zone in 2009, the ECOWAS Summit called on member States to redouble their efforts to comply with the macroeconomic convergence criteria, through strict budgetary discipline and structural reforms.
In 2000, five members of the larger Economic Community of West African States(ECOWAS)agreed to create a West African Monetary Zone and merge this zone with the existing WAEMU in December 2005, but this was later postponed until December 2009.
WAMA, while continuing to perform the functions of the clearing house, will also: encourage trade expansion and liberalization; facilitate conformity of monetary and fiscal policies and structural adjustment programmes of members; foster pursuit by members of appropriate macroeconomic policies conducive to market-determined exchange and interest rates for intra-subregional trade; initiate and promote policies and programmes on monetary integration;and facilitate the creation of a single monetary zone.
Assistance was provided to the Economic Community of West African States(ECOWAS) in the preparatory work for the elaboration of common external tariff,undertaking studies on greater currency convertibility and the setting up of a single monetary zone, and supporting the work of the follow-up committee for the establishment of coastal shipping services in West and Central Africa.
In order to create the appropriate synergy between the CFA zone andthe second West African monetary zone(WAMZ), the Authority decided that the name of the future ECOWAS common currency should be jointly determined by the relevant authorities of WAMZ and BCEAO/U MOA, under the chairmanship of His Excellency President Abdoulaye Wade, Chairman of UEMOA and incoming Chairman of ECOWAS.
(iii) Two ad hoc expert group meetings on: harmonization of macroeconomic convergence programmes in the Economic Community of West African States and the West African Economic and Monetary Union:towards a single monetary zone; trade liberalization in West Africa: obstacles, constraints and remedial policies;
In the Economic Community of West African States region, six countries(Gambia, Ghana, Guinea, Liberia, Nigeria and Sierra Leone)are working towards establishing a common currency zone, namely the West African Monetary Zone, by 2015, and the plan is that it will eventually be merged with the existing West African Economic and Monetary Union, whose eight members currently use the CFA franc.

