In fact, the AACB envisages that monetary cooperation, which would bring about macroeconomic convergence at sub-regional levels would serve as building blocks for the future African Central Bank. Toward realisation of this goal, the AACB has developed an African Monetary Cooperation Programme (AMCP) with stipulated convergence criteria, for implementation in the continent.
The AMCP is sub-divided into six stages, beginning from the year 2002 to 2021, during which period all preparatory processes for introduction of a single African currency and African Central Bank would have been completed. I thank you for your attention. BIS Review 33/2003  3