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Banque Centrale des Etats de l'Afrique de l'Ouest

Banque Centrale des États de l'Afrique de l'Ouest

The Central Bank of West African States (BCEAO) was born April 4, 1959: specifically, it is the result of the transformation of the Institute of Emission of French West Africa and Togo. It is headquartered in Dakar, Senegal. Three years after its creation, in 1962, the BCEAO signed the treaty symbolized the creation of the West African Monetary Union (WAMU). This is an area recognizing the use of the same coin: the Franc of the African Financial Community.
This bank includes eight states: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. Each country has a main office and one or more auxiliary agents. The main role of the BCEAO is to define and implement monetary policy in the area concerned. The bank is entirely responsible for the balance of the financial and banking system of the WAMU. Several other missions entrusted to the BCEAO such as setting interest rates or the implementation of exchange rate policy in the area (knowing that the rules of this policy are defined by the Council of Ministers). Foreign exchange reserves are also under the control of the BCEAO.

Banque Centrale des États de l'Afrique de l'Ouest


The Central Bank of West African States (BCEAO) was born April 4, 1959: specifically, it is the result of the transformation of the Institute of Emission of French West Africa and Togo. It is headquartered in Dakar, Senegal. Three years after its creation, in 1962, the BCEAO signed the treaty symbolized the creation of the West African Monetary Union (WAMU). This is an area recognizing the use of the same coin: the Franc of the African Financial Community.
This bank includes eight states: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. Each country has a main office and one or more auxiliary agents. The main role of the BCEAO is to define and implement monetary policy in the area concerned. The bank is entirely responsible for the balance of the financial and banking system of the WAMU. Several other missions entrusted to the BCEAO such as setting interest rates or the implementation of exchange rate policy in the area (knowing that the rules of this policy are defined by the Council of Ministers). Foreign exchange reserves are also under the control of the BCEAO.

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