Establish currency for every district and province of Africa ?

Imagine what would be the damages or advantages if every district, village and/or atleast province had its own currency ?

This would create more jobs in money exchanging and banking sector, notes printing (and creating more Gedeon Gono's in Africa), coins designing, and so foth, in isn't it ? Aren't we in period of jobs retrenchment accross the sectors ? So what a chance of coming up with a new way of creating some new thousands of jobs. That translate into thousands of currencies from Cape to Cairo, from Mombasa to Dakar. A world record ! I feel you've already started to suspect that something is wrong with me upstairs because my suggestion is totally wrong. If so, let me assure you that I'm fine. But I'm not the only one or I wish to be the only one but unfotunately this is not the case. So your own wish is for Africa to have a single currency. The single currency for our mother continent to make our monetary life easier. It's sad to see that the leaders of Africa are very flexible when it comes to delay this process. As usual there no sense of urgency. Yesterday, another kind of bad news came from Abuja announcing that "the December 2009 deadline is not feasible for the start of the single currency and monetary union," for West Africa Monetary Zone-Wamz (Nigeria, Ghana, Sierra Leone, Gambia and Guinea)! They resolved to start 'Eco' money in 2015.

Why talking about only West Africa ? Simply because six years ago, African leaders (given always good advices from Bretton Woods institutions) decided to put the the idea of a single continental currency on hold until...2021, and rather focus on regional currencies.

That's how these regional blocs went back to define their own road maps for regional currencies. Southern Africa by 2018 and East Africa by 2012. The latter is a market of more than 100 thousands population with two different francs and three different shillings currencies.

Although there some noticeable problems, experts agree that common currency leads to gains in economic efficiency: "These include the elimination of transaction cost and risks associated with uncertain fluctuation of the exchange rates, simple platform for price comparison which makes price differences more noticeable and helps to equalise it across borders" among others.