Donnish Journal of Economics and International Finance

January 2016 Vol. 2(1), pp. 001-006

Copyright © 2016 Donnish Journals

Original Research Article

The Possibility of Unifying the Currency between Algeria, Tunisia and Morocco

Ben Chellat Mostafa

Faculty of Economics and Commercial Science, Management, Bechar University, Algeria.

Corresponding Author's Email: Benchellate@yahoo.fr

Accepted 21st December, 2015

Abstract

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The integration of the Maghreb has become a vital economic necessity, especially at a time when regional blocks are facing intense competition. Without this integration, economies of the region could sustain big losses and would have trouble meeting challenges already on the agenda (tariff dismantling, eastward expansion of the EU, global liberalization of the textile sector, and vulnerability to shocks from extreme demand). Integration will undoubtedly be the driving force behind the consistent economic growth and solid trade among countries of the region, thereby enabling them to secure a firm foothold in the global economy. In view of the importance of the Maghreb integration and the vital need for closer economic ties between countries of the region, we will try through this study to determine the possibility of achieving economic integration and the possibility of currency unification between Maghreb countries: Algeria, Tunisia and Morocco.

Keywords: Economic Integration, Maghreb Integration, Monetary Integration, Panel Data.

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Cite This Article:

Ben Chellat Mostafa. The Possibility of Unifying the Currency between Algeria, Tunisia and Morocco. Donnish Journal of Economics and International Finance 2(1) 2016 pp. 001-006.