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Central Bank of West African States

April 25, 2023

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).

Central Bank of West African States
Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) (in French)
HeadquartersDakar, Senegal
Established1959
PresidentGovernor Jean-Claude Brou
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 Bank is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.[2]

Member states


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

See also

References

  1. ^ Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ . 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.
  4. ^ a b c (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.[permanent dead link]
  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. ^ (in French). BCEAO. Archived from the original on July 18, 2012. Retrieved July 22, 2012.
  8. ^ a b c d e f g h "CHRONOLOGIE DES EVENEMENTS MARQUANTS DE L'HISTOIRE DE LA BCEAO ET DE L'UMOA" (PDF). www.bceao.int. BCEAO.
  9. ^ a b "Jean-Claude Kassi Brou Named Governor of Central Bank of West African States - SWFI". www.swfinstitute.org.

External links

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


 

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April 25, 2023
central, bank, west, african, states, french, banque, centrale, États, afrique, ouest, bceao, central, bank, serving, eight, west, african, countries, which, share, common, west, african, franc, currency, comprise, west, african, economic, monetary, union, uem. The Central Bank of West African States French Banque Centrale des Etats 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 Central Bank of West African StatesBanque Centrale des Etats de l Afrique de l Ouest BCEAO in French HeadquartersDakar SenegalEstablished1959PresidentGovernor Jean Claude BrouCentral bank ofWest African Economic and Monetary UnionCurrencyWest African CFA francXOF ISO 4217 Reserves9 820 million USD 1 Preceded byBank of West Africa BAO Websitewww bceao intBCEAO 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 Contents 1 Member states 2 History 3 Governors 4 See also 5 References 6 External linksMember states Edit Benin Burkina Faso Guinea Bissau Ivory Coast Mali Niger Senegal TogoHistory EditIts predecessor the Institut d Emission de l Afrique Occidentale Francaise 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 Ivory Coast Dahomey modern day Benin Haute Volta modern day Burkina Faso Mali Mauritania Niger SenegalOn 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 EditRobert Julienne 1959 1974 8 Abdoulaye Fadiga 1974 1988 8 Alassane Ouattara 1988 1990 8 Charles Konan Banny 1990 2005 8 Justin Damo Baro 2006 2008 8 Philippe Henri Dakoury Tabley 2008 2011 8 Jean Baptiste Compaore 2011 8 Tiemoko Meyliet Kone 2011 8 2022 9 Jean Claude Brou 2022 9 See also Edit Banks portalBanque des Etats de l Afrique Centrale BEAC Banque de l Afrique Occidentale BAO 1901 1962 Central banks and currencies of Africa Economy of Benin Economy of Burkina Faso Economy of Guinea Bissau Economy of Ivory Coast Economy of Mali Economy of Niger Economy of Senegal Economy of Togo Payment system Real time gross settlementReferences Edit Weidner Jan 2017 The Organisation and Structure of Central Banks PDF Katalog der Deutschen Nationalbibliothek 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 a b c Dates cles 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 permanent dead link Traite de l Union Monetaire 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 a b c d e f g h CHRONOLOGIE DES EVENEMENTS MARQUANTS DE L HISTOIRE DE LA BCEAO ET DE L UMOA PDF www bceao int BCEAO a b Jean Claude Kassi Brou Named Governor of Central Bank of West African States SWFI www swfinstitute org External links Edit in French and English Official site Banque Centrale des Etats de l Afrique de l Ouest This African bank or banking related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Central Bank of West African States amp oldid 1148364705, wikipedia, wiki, book, books, library,

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