Membership
So far only 3 of the 53 member states of the African Union have committed to using the currency.
Egypt, Swaziland, and Lesotho have logged reservations over the precise date of monetary union and have requested a two- to three-year delay.
Seychelles may not join as a result of economic fears and may, along with Cape Verde, attempt to join the euro at a later date, while the official currency of Mayotte is the euro.
Ethiopia and Morocco have said that they are not interested in joining a currency union in 2028.
Read more about this topic: African Monetary Union
Famous quotes containing the word membership:
“The two real political parties in America are the Winners and the Losers. The people don’t acknowledge this. They claim membership in two imaginary parties, the Republicans and the Democrats, instead.”
—Kurt Vonnegut, Jr. (b. 1922)