The African Monetary Union (AMU) aims to establish a unified currency and central bank for African nations, promoting economic stability and integration. It is part of a broader effort to enhance trade and investment across the continent, reducing reliance on foreign currencies and fostering regional cooperation. The AMU is linked to the African Union and the African Continental Free Trade Area, which seek to boost economic collaboration among member states. By creating a common monetary framework, the AMU hopes to facilitate easier transactions, lower costs, and improve financial systems across participating countries.