The West African Clearing House(WACH)was established to

Assessment: WAEC SSCE - Commerce - 2004 (Objective) Subject: Commerce

Question 1 Report

The West African Clearing House(WACH)was established to

Answer Details
The West African Clearing House (WACH) was established to promote the use of currencies of all members for inter regional trade. It serves as a platform for member countries to exchange their currencies and settle payments for cross-border transactions. This helps to eliminate the need for foreign exchange transactions, reducing the associated costs and risks. WACH facilitates the growth of trade and economic integration among its member countries.

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