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) (French)
BCEAO headquarters at Dakar, Senegal
BCEAO headquarters at Dakar, Senegal
Headquarters Dakar, Senegal
Established 1959
President Governor Kone Tiemoko Meyliet
Central bank of West African Economic and Monetary Union
Currency West African CFA franc
ISO 4217 Code XOF
Website www.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 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.[1]

History[edit]

Its predecessor, the Institut d’Emission de l’Afrique Occidentale Française et du Togo, was created in 1955 and was transformed into BCEAO in 1959.[2][3][4] The treaty establishing the West African Monetary Union (UMOA), signed on May 12, 1962, gave BCEAO the exclusive right to issue the currency as the common central bank for the then seven member countries:[3][5][6]

See also[edit]

References[edit]

  1. ^ "AFI members". AFI Global. 2011-10-10. Retrieved 2012-02-23. 
  2. ^ 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 July 21, 2012. 
  3. ^ a b "Dates clés" (in French). Central Bank of West African States. Retrieved July 21, 2012. 
  4. ^ "West African States CFA Franc Banknotes: First series of CFA banknotes issued by BCEAO 1959". Retrieved July 21, 2012. 
  5. ^ "Traité de l'Union Monétaire Ouest-Africaine" (in French). IZF. Retrieved July 22, 2012.  (Article 15)
  6. ^ "Cadre Institutionnel" (in French). BCEAO. Retrieved July 22, 2012. 

External links[edit]