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{{Politics of the African Union mini|financial|width=5em}}
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 the '''afro''' or '''afriq'''.<ref>{{cite news|author1=Alao, Adeyemi College of Education (ACE) Department of Economics |title=African single currency: The Great White Hope for a New Africa |url=http://dailyindependentnig.com/2014/04/african-single-currency-great-white-hope-new-africa/ |archive-url=https://web.archive.org/web/20140413021915/http://dailyindependentnig.com/2014/04/african-single-currency-great-white-hope-new-africa/ |url-status=dead |archive-date=13 April 2014 |accessdate=7 May 2015 |location=Ondo, Nigeria }}</ref>
The Abuja Treaty, an international agreement signed on June 3, 1991, in [[Abuja]], [[Nigeria]], created 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.<ref>{{cite news |url=http://news.bbc.co.uk/2/hi/africa/country_profiles/3870303.stm |title=Profile: African Union |date=2006-07-01 |accessdate=2006-07-10 |publisher=BBC News| archiveurl= https://web.archive.org/web/20060712034155/http://news.bbc.co.uk/2/hi/africa/country_profiles/3870303.stm| archivedate= 12 July 2006 | url-status= live}}</ref><ref>{{cite web|url=https://au.int/en/treaties/treaty-establishing-african-economic-community|title=Treaty Establishing the African Economic Community|accessdate= 2019-06-25|publisher=The African Union Commission}}</ref>
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==See also==
{{Portal|Africa|Money}}
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==References==
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==External links==
* Dr. Karis Muller, [[Australian National University]]: [http://www.humanitas.edu.pl/hjes/1vol_issue1/06_muller.pdf The Euro And African Monetary Integration],{{Dead link|date=October 2016 |bot=InternetArchiveBot |fix-attempted=yes }} in [http://www.humanitas.edu.pl/hjes/ Humanitas Journal of European Studies], Volume I, Issue 1, November 2007
* Dr. Karis Muller, [[Australian National University]]: [http://www.humanitas.edu.pl/hjes/1vol_issue1/09_karis_muller.pdf The Euro And African Monetary Integration],{{Dead link|date=October 2016 |bot=InternetArchiveBot |fix-attempted=yes }} in [http://www.humanitas.edu.pl/hjes/ Humanitas Journal of European Studies], Volume I, Issue 1, November 2007
* ''The Euro And African Monetary Integration'' in [http://www.humanitas.edu.pl/hjes/ Humanitas Journal of European Studies], Volume I, Issue 1, December 2007
* [https://au.int/en/treaties/treaty-establishing-african-economic-community Text of the Abuja Treaty] – from the [[African Union]]
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