The African Union has granted Nigeria the right to host the Headquarters of the African Central Bank when the common currency in Africa materializes. We must therefore lead the way in terms of properly aligned currency structure and sound monetary policy framework.
The Danish Bankers Association lists a number of outstanding issues to be clarified before we make up our minds. For example, the report mentions uncertainty about how the Banking Union will handle distressed banks. And it mentions uncertainty as to how the market will assess the Union.