Last but not least, the introduction of a single currency is not just an economic project. It also carries a political, symbolic and psychological dimension of European integration. While the replacement of national currencies by a pan-European symbol is hardly changing the national identities of the Member States, it certainly helps to promote pan-European thinking.
We are now in consultation with the Financial Stability Institute for the Bank to host a regional seminar on financial stability next year. I therefore welcome the proposal to set up Financial Stability Units in COMESA central banks and we stand ready to exchange our own experience with COMESA member-states.