Senegal's Ba criticises rival's national currency plan as bad for investment

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Explore stories from Atlantic Canada.

Watch onDAKAR - The presidential candidate for Senegal's ruling coalition, former Prime Minister Amadou Ba, warned on Friday that an opponent's proposal to introduce a national currency could discourage investors, a prospect the country could not afford.

Faye is supported by firebrand opposition leader Ousmane Sonko, and on Friday received the endorsement of Senegal's former President Abdoulaye Wade and his Senegalese Democratic Party. Ba said he would rather seek a monetary union of the 15-nation West African regional bloc."Our currency is convertible and stable, and inflation has been moderate compared with countries with their own currencies," he said.

Faye's campaign has drawn widespread support from Senegal's disaffected youth who face high unemployment in a country where the median age is 19.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in CA

Canada Canada Latest News, Canada Canada Headlines