The African Union's Agenda 2063 includes a long-term vision for deeper economic integration across member states. A single currency would require convergence of inflation rates, fiscal deficits, and debt levels — criteria that most AU members have not yet met. Proponents cite reduced transaction costs and stronger intra-African trade; opponents point to the Eurozone's crisis experience and the loss of monetary policy sovereignty.
This House Believes That the African Union should establish a single continental currency