ABSTRACT
This chapter examines which Southern African Development Community (SADC) member states can kick-start the currency convertibility process as a step towards adoption of a single currency by the entire membership. It examines the mandate and the rationale for the SADC's monetary integration objective. The European Commission estimated these fees to be around 0.4 percent of GDP of potential members of the European Monetary Union. The chapter looks at how economic growth, measured by growth in GDP per capita, relates to levels of per capita GDP. It discusses the level of population as well a dummy variable separating landlocked to non-landlocked countries as control variables. The chapter also discusses the comparative experiences of monetary unions across different regions to provide insights that could be useful for the SADC. The SADC region has decided that the net benefits of a monetary union are positive.
