Central Bank of West African States
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Central Bank of West African States
Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) (in French)
BCEAO headquarters in Dakar, Senegal
BCEAO headquarters in Dakar, Senegal
HeadquartersDakar, Senegal
Established1959
PresidentGovernor Kone Tiemoko Meyliet [no]
Central bank ofWest African Economic and Monetary Union
CurrencyWest African CFA franc
XOF (ISO 4217)
Reserves9 820 million USD[1]
Preceded byBank of West Africa (BAO)
Websitewww.bceao.int
BCEAO is the central bank of the states in green

The Central Bank of West African States (French: Banque Centrale des États de l'Afrique de l'Ouest, BCEAO) is a central bank serving the eight west African countries which share the common West African CFA franc currency and comprise the West African Economic and Monetary Union (UEMOA):

The Bank is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.[2]

History

Its predecessor, the Institut d'Emission de l'Afrique Occidentale Française et du Togo ("note-issuing institute of French West Africa and Togo"), was created in 1955 and became BCEAO in 1959.[3][4][5] The treaty establishing the West African Monetary Union (UMOA), signed on May 12, 1962, gave BCEAO the exclusive right to issue currency as the common central bank for the, then, seven member countries:[4][6][7]

On June 30, 1962 Mali left the group and adopted the Malian franc as national currency. On December 17, 1963 Togo officially joined the UMOA. On May 30, 1973 Mauritania withdrew and adopted the ouguiya as national currency. On February 17, 1984, Mali re-joined the UMOA.[4]

Governors

[8]

See also

References

  1. ^ https://d-nb.info/1138787981/34
  2. ^ "AFI members". AFI Global. 2011-10-10. Archived from the original on 2012-02-20. Retrieved .
  3. ^ Mensah, A. (July 1979). "The Process of Monetary Decolonization in Africa" (PDF). Utafiti: Journal of the Faculty of Arts and Social Science, University of Dar Es Salaam. 4 (1): 48-49. Retrieved 2012.
  4. ^ a b c "Dates clés" (in French). Central Bank of West African States. Archived from the original on 2012-07-18. Retrieved 2012.
  5. ^ "West African States CFA Franc Banknotes: First series of CFA banknotes issued by BCEAO 1959". Retrieved 2012.[permanent dead link]
  6. ^ "Traité de l'Union Monétaire Ouest-Africaine" (in French). IZF. Archived from the original on February 22, 2013. Retrieved 2012. (Article 15)
  7. ^ "Cadre Institutionnel" (in French). BCEAO. Archived from the original on July 18, 2012. Retrieved 2012.
  8. ^ https://www.bceao.int/sites/default/files/inline-files/chronologie_des_evenements_marquants_de_l_histoire_de_la_bceao_et_de_l_umoa.pdf

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Central_Bank_of_West_African_States
 



 



 
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