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.
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