Central Bank of West African States

Central Bank of West African States
*Banque Centrale des États de l'Afrique de l'Ouest* (BCEAO) (in French)
	BCEAO headquarters in 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; XOF (ISO 4217)
Reserves	9 820 million USD[1]
Preceded by	Bank of West Africa (BAO)
Website	www.bceao.int

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):

BCEAO is the central bank of the states in green

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 was transformed into 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 the currency as the common central bank for the then seven member countries:[4][6][7]

Côte d’Ivoire
Dahomey (modern day Benin)
Haute-Volta (modern day Burkina Faso)
Mali
Mauritania
Niger
Senegal

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 joined the UMOA again.[4]

Governors

[8]

Robert Julienne, 1959-1974
Abdoulaye Fadiga, 1974-1988
Alassane Ouattara, 1988-1990
Charles Konan Banny, 1990-2005
Justin Damo Baro, 2006-2008
Philippe-Henri Dakoury-Tabley, 2008-2011
Jean-Baptiste Compaoré, 2011
Tiémoko Meyliet Koné, 2011-

References

https://d-nb.info/1138787981/34
"AFI members". AFI Global. 2011-10-10. Archived from the original on 2012-02-20. Retrieved 2012-02-23.
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.
"Dates clés" (in French). Central Bank of West African States. Archived from the original on 2012-07-18. Retrieved July 21, 2012.
"West African States CFA Franc Banknotes: First series of CFA banknotes issued by BCEAO 1959". Retrieved July 21, 2012.
"Traité de l'Union Monétaire Ouest-Africaine" (in French). IZF. Archived from the original on February 22, 2013. Retrieved July 22, 2012. (Article 15)
"Cadre Institutionnel" (in French). BCEAO. Archived from the original on July 18, 2012. Retrieved July 22, 2012.
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

(in French and English) Official site: Banque Centrale des États de l'Afrique de l'Ouest

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.

[dnbinfo-1] ttps://d-nb.info/1138787981/34

[2] "AFI members". AFI Global. 2011-10-10. Archived from the original on 2012-02-20. Retrieved 2012-02-23.

[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 July 21, 2012.

[Dates_clés-4] "Dates clés" (in French). Central Bank of West African States. Archived from the original on 2012-07-18. Retrieved July 21, 2012.

[5] "West African States CFA Franc Banknotes: First series of CFA banknotes issued by BCEAO 1959". Retrieved July 21, 2012.

[6] "Traité de l'Union Monétaire Ouest-Africaine" (in French). IZF. Archived from the original on February 22, 2013. Retrieved July 22, 2012. (Article 15)

[7] "Cadre Institutionnel" (in French). BCEAO. Archived from the original on July 18, 2012. Retrieved July 22, 2012.

[8] ttps://www.bceao.int/sites/default/files/inline-files/chronologie_des_evenements_marquants_de_l_histoire_de_la_bceao_et_de_l_umoa.pdf

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Central Bank of West African States

History

Governors

See also

References

External links