![[AFP/Farouk Batiche] Algerians attend Friday prayers in an Algiers mosque.](/awi/images/2013/06/19/130619Feature1Photo1-90_59.jpg)
![[Jamel Arfaoui] Media representatives from Tunisia and Libya attend a training course on transitional justice.](/awi/images/2013/06/19/130619Feature2Photo1-90_59.jpg)
![[AFP/Abdelhak Senna] Musicians take part in last year's edition of the Fez Festival of World Sacred Music.](/awi/images/2013/06/19/130619Feature3Photo1-90_59.jpg)
![[AFP/Fethi Belaid] Tunisians browse through Islamic literature outside El Fath Mosque in Tunis.](/awi/images/2013/06/18/130618Feature1Photo1-90_59.jpg)
2007-11-16
Union of Maghreb Banks pushes towards single currency in Maghreb
During a meeting in Algiers on the development of capital investment in the Maghreb region Wednesday (November 14th), the Union of the Maghreb Banks (UMB) called for a single currency in the region to spur trade exchange and mutual investments, MAP reported. UMB president Othman Benjelloun said Algerian Prime Minister Abdellaziz Belkhadem welcomed the idea as a step towards boosting economic relations within the union. Attendees at the Algiers meeting decided to set up a committee to study the implementation of the project.
Subscribe to our newsletter and get Magharebia's latest articles delivered to your inbox.
![[AFP/Boureima Hama] Niger President Mahamadou Issoufou (centre), shown inspecting weapons seized in the May 23rd suicide attack, claims terrorists "moved from Mali to southern Libya".](/awi/images/2013/06/07/130607ReportagePhoto2-190_125.jpg)
![[Jamel Arfaoui] The event was organized by the Association ALWANE Tunisia in collaboration with Velorution and the Embassy of the Netherlands in Tunisia to raise awareness of environmental issues in Tunisia.](/awi/images/2013/06/11/130611PhotoGallery1-271_179.jpg)
![[Abou Tajeddine] Algeria's Islam Slimani (38', 42') and teammates exit the Porto-Novo pitch in triumph on June 9th.](/awi/images/2013/06/11/130611Feature3Photo1-190_125.jpg)
![[wissamyat.blogspot.com] Nineteen-year-old blogger "Wissamyat" says Libya's new political isolation law will impede peace efforts.](/awi/images/2013/05/27/130527Feature3Photo1-190_125.jpg)
![[AFP/Abderrazek Khlifi] Tunisian soldiers patrol the Jebel Chaambi region on June 11th, 2013. Algeria and Tunisia are sharing intelligence to secure their border.](/awi/images/2013/06/14/130614ReportagePhoto1-190_125.jpg)
POST YOUR COMMENT 5
gol 2008-1-14
The European Union was first formed before adopting a sole currency, while the Maghreb proposed a sole money even before the formation of the United Arab Maghreb. It is as if a mason is beginning with the roof.
0 Likes
BENDJEFFAL. 2008-1-12
Regional integration in the countries of the Maghreb is a possibility at hand. The people of the Maghreb aspire to this, but nothing has been organised or institutionalised. Beware of this myopia that comes from the very unrealistic belief in a United Arab Maghreb being like the EU. Being realistic would return us to Tunisia’s proposal to start small one step at a time with the intensification of agricultural and food exchanges as was to secure food alimentation.
0 Likes
kak 2007-11-19
Only the machine of our economy can boost the UMA. At this time, the machine is locked up enough that it would be good to push it along with any means possible. As a failure of the free movement of people, the economists are pushing the plan of the free movement of capital, goods and services. Politicians will wake up one day and realize that the train is moving to fast to ever go back.
0 Likes
HAMOUCHA S. 2007-11-19
It is not so important at what level this union is constructed. What is important is that it will be the force to jump-start a dynamic Maghreb.
0 Likes
Sofiane 2007-11-18
Personally, I think that it is more important to open up a little more and to put a good transportation infrastructure between these two countries into the works. This would allow a certain ease in the movement of people and merchandise. Then, it would follow after some time to talk about a unified currency.
0 Likes