Abstract
Established in 1962, the Central Bank of West African States (Banque Centrale des Etats de l’Afrique de l’Ouest) is the common central bank of the eight member states that form the West African Monetary Union (WAMU). It has the sole right of currency issue throughout the Union territory and is responsible for the pooling of the Union’s foreign exchange reserve; the management of the monetary policy of the member states; the keeping of the accounts of the member states treasury; and the definition of the banking law applicable to banks and financial establishments.
Chapter PDF
Similar content being viewed by others
Keywords
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Editor information
Copyright information
© 2015 The Editor(s)
About this chapter
Cite this chapter
Heath-Brown, N. (2015). Central Bank of West African States (BCEAO). In: Heath-Brown, N. (eds) The Statesman’s Yearbook 2016. The Statesman’s Yearbook. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-57823-8_63
Download citation
DOI: https://doi.org/10.1007/978-1-349-57823-8_63
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-137-43998-7
Online ISBN: 978-1-349-57823-8
eBook Packages: Palgrave Political Science Collection