Should poorer countries have independent central banks?

Asked Mar 1, 2016· 1 answer ·Africa, ECOWAS, Global South, WAEMU (UEMOA), West Africa
Faisal KhanAnswered Mar 1, 2016
Sure. Why not? The while idea behind a central bank is to regulate and monitor, independently. Even some small Island nations have a central banks, and a central bank doesn't necessarily cost the poor country too much money.

Some countries prefer to work with each other when it comes to a central bank, i.e. share. Some examples are:

  • West African Economic and Monetary Union
  • Eastern Caribbean Central Bank
  • Central Bank of West African States
  • Bank of Central African States

You can see a list of central banks here: List of Reserve & Central Banks of the World
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