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16-830: ACB may refer to: Banking [ edit ] African Central Bank , one of the three financial institutions of the African Union Asia Commercial Bank , a commercial bank in Vietnam Organizations [ edit ] American Council of the Blind , a nationwide organization in the US Anti-Corruption Bureau, Andhra Pradesh , India ASEAN Centre for Biodiversity an intergovernmental organization Association for Clinical Biochemistry and Laboratory Medicine ,

32-518: A common currency in the next ten years. So far only three of the 53 member states of the African Union in 2009 have committed to using the currency (in 2022, the African Union has 55 members). Egypt , Eswatini , 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

48-517: A speeding up of this process, with creation by 2020. When it is fully implemented via Pan-African Parliament legislation, the ACB will be the sole issuer of the African single currency (African Monetary Union/Afro), will become the banker of African Governments, will be the banker to Africa's private and public banking institutions, will regulate and supervise the African banking industry , and will set

64-549: Is a stub . You can help Misplaced Pages by expanding it . African Monetary Union The African Monetary Union ( AMU ) is the proposed creation of an economic and monetary union for the countries of the African Union , administered by the African Central Bank . Such a union would call for the creation of a new unified currency, similar to the euro ; the hypothetical currency is sometimes referred to as

80-658: Is different from Wikidata All article disambiguation pages All disambiguation pages African Central Bank When it is fully implemented, the ACB will be the sole issuer of the African single currency (the " Afro " or " Afriq ") and/or working along African regional reserve banks, it will become the banker of the African Government and/or regional unions, it will be the banker to Africa's private and public banking institutions along African regional central banks, it will regulate, consult and supervise

96-840: The African Economic Community , and called for an African Central Bank to follow by 2028. As of 2019 , the plan is to establish an African Economic Community with a single currency by 2023. There are two existing regional currency unions in Africa , using the West African CFA franc , and the Central African CFA franc , respectively. Additionally, the Common Monetary Area links several countries in Southern Africa based on

112-646: The Dakar Biennale of Contemporary African Art on May 10. It was designed by Dr. Professor Boamh. The project was a response to the perceived lack of independence created by use of the CFA franc . Notes and coins of the imaginary currency were produced, and given away or sold to the people of Dakar and Senegal to encourage them "to reflect on the meaning (value) of money and the future of their own local currency". In 2015, Anthony Maruping stated that Kenya, Uganda, Tanzania, Rwanda and Burundi were committed to join

128-604: The South African rand . The African Union's plans for further integration encourage the development of more such regional unions as an intermediate step to full monetary union. One proposed union is the eco , a proposed currency for members of the Economic Community of West African States (ECOWAS). In 2002, Mansour Ciss and Baruch Gottlieb created a "prototype" currency, called the AFRO, which they presented at

144-677: The afro or afriq . The single African currency is to be composed of currency units made up of regional union reserve bank currency units of which are made up country specific currencies ( The Arab Maghreb Union (AMU) - Northern Afriq , Southern African Development Community (SADC) - Southern Afriq , Economic Community of West African States (ECOWAS) - Western Afriq or ECO , East African Community (EAC) - Eastern Afriq , Common Market for Eastern and Southern Africa (COMESA) - Central Afriq etc.). The Abuja Treaty, an international agreement signed on June 3, 1991, in Abuja , Nigeria , created

160-480: The euro at a later date, while the official currency of Mayotte is the euro . The African Central Bank (ACB) is one of the three financial institutions of the African Union. It will, over time, take over the responsibilities of the African Monetary Fund . The creation of the ACB, to be completed by 2028, was first agreed upon in the 1991 Abuja Treaty. The 1999 Sirte Declaration called for

176-823: The African banking industry in sync with regional banking industries and unions, and it will set the official interest and exchange rates which may or may not be in sync with regional central banks; all in conjunction with the African Government's administration. The single African currency is to be composed of currency units made up of regional central bank currency units of which are made up country specific currencies ( The Arab Maghreb Union (AMU) - Northern Afriq , Southern African Development Community (SADC) - Southern Afriq , Economic Community of West African States (ECOWAS) - Western Afriq or ECO , East African Community (EAC) , Eastern Afriq - Common Market for Eastern and Southern Africa (COMESA) - Central Afriq etc.). This African bank or banking-related article

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192-667: The British professional body for clinical biochemists, a member of the Science Council Aurora Cannabis , whose stock is publicly traded under the ticker symbol ACB Australian Classification Board , Australia's statutory censorship and classification body People [ edit ] Amy Coney Barrett , Associate Justice of the United States Supreme Court Sports [ edit ] Afghanistan Cricket Board ,

208-697: The governing body for professional and amateur cricket in Afghanistan Asociación de Clubs de Baloncesto , governing body of principal basketball league in Spain Absolute Championship Berkut , a mixed martial arts, kickboxing, and Brazilian jiu-jitsu promotion based in Russia Liga ACB , the top professional basketball division of the Spanish basketball league system Australian Cricket Board ,

224-732: The management for all international and domestic cricket in Australia (the board also manages the Australian Men's and Australian Women's team) Other uses [ edit ] Adjusted cost base , to calculate the cost of an investment for tax purposes Airport City Belgrade Amphibious Construction Battalion of the US Navy Aortocoronary bypass , a medical procedure Air circuit breaker Acton Bridge railway station , Cheshire, England, National Rail station code T Áncá language of Nigeria, which may be

240-556: The official interest and exchange rates in conjunction with the African Government's administration. The current timeline established by the Abuja Treaty calls for a single African currency to be instituted by the African Central Bank by 2028. Although some countries have reservations about full economic and monetary union , several regional monetary unions already exist, and others are planned. Signatories to

256-606: The same as the Manta language of Cameroon (ISO 639-3 code acb) Antrim County Airport , Bellaire, Michigan, US, IATA code Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title ACB . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=ACB&oldid=1238021210 " Category : Disambiguation pages Hidden categories: Short description

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