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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) Template:Fr icon
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)
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.[1]

History

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

References

  1. ^ "AFI members". AFI Global. 2011-10-10. Archived from the original on 2012-02-20. Retrieved 2012-02-23. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  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. Archived from the original on 2012-07-18. Retrieved July 21, 2012. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  4. ^ "West African States CFA Franc Banknotes: First series of CFA banknotes issued by BCEAO 1959". Retrieved July 21, 2012.[permanent dead link]
  5. ^ "Traité de l'Union Monétaire Ouest-Africaine" (in French). IZF. Archived from the original on February 22, 2013. Retrieved July 22, 2012. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help) (Article 15)
  6. ^ "Cadre Institutionnel" (in French). BCEAO. Retrieved July 22, 2012.
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