The West African Monetary Zone (WAMZ) is a group of countries in West Africa that aims to create a single currency for the region. Established in 2000, it includes six member states: Gambia, Ghana, Guinea, Nigeria, Sierra Leone, and Liberia. The goal is to enhance economic integration and facilitate trade among these nations. WAMZ is part of a broader initiative that includes the Economic Community of West African States (ECOWAS), which seeks to promote economic cooperation and development. The proposed currency, known as the Eco, is intended to strengthen financial stability and reduce reliance on foreign currencies.