Central Bank of West African States

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)
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

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 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

[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

Central banks
Global	Bank for International Settlements Basel Committee on Banking Supervision Financial Stability Board
Policies	Capital requirement Contractionary monetary policy Expansionary monetary policy Basel II Basel III Basel IV
Implementation	Capital control Discount rate Interest rates Money creation Open market operation Sovereign wealth fund
Bretton Woods system	International Monetary Fund World Bank Group International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association International Finance Corporation Multilateral Investment Guarantee Agency
Lists	List of central banks Central banks and currencies of Africa Central banks and currencies of Asia-Pacific Central banks and currencies of the Caribbean Central banks and currencies of Europe Central banks and currencies of Central America and South America

Central banks by country
Africa	Bank of Central African States Central Bank of West African States Bank of Algeria National Bank of Angola Bank of Botswana Bank of the Republic of Burundi Bank of Cape Verde Central Bank of the Comoros Central Bank of the Congo Central Bank of Djibouti Central Bank of Egypt Bank of Eritrea National Bank of Ethiopia Central Bank of The Gambia Bank of Ghana Central Bank of the Republic of Guinea Central Bank of Kenya Central Bank of Lesotho Central Bank of Liberia Central Bank of Libya Central Bank of Madagascar Reserve Bank of Malawi Central Bank of Mauritania Bank of Mauritius Bank Al-Maghrib (Morocco) Bank of Mozambique Bank of Namibia Central Bank of Nigeria National Bank of Rwanda Central Bank of São Tomé and Príncipe Central Bank of Seychelles Bank of Sierra Leone Central Bank of Somalia Bank of Somaliland South African Reserve Bank Bank of South Sudan Central Bank of Sudan Central Bank of Swaziland Bank of Tanzania Central Bank of Tunisia Bank of Uganda Bank of Zambia Reserve Bank of Zimbabwe
Asia	Da Afghanistan Bank Central Bank of Bahrain Bangladesh Bank Royal Monetary Authority of Bhutan Monetary Authority of Brunei Darussalam National Bank of Cambodia People's Bank of China Hong Kong Monetary Authority Reserve Bank of India Bank Indonesia Central Bank of the Islamic Republic of Iran Central Bank of Iraq Bank of Israel Bank of Japan Central Bank of Jordan National Bank of Kazakhstan National Bank of the Kyrgyz Republic Bank of Korea Central Bank of the Democratic People's Republic of Korea Central Bank of Kuwait Banque du Liban Monetary Authority of Macao Bank Negara Malaysia Maldives Monetary Authority Bank of Mongolia Central Bank of Myanmar Nepal Rastra Bank Central Bank of Oman State Bank of Pakistan Palestine Monetary Authority Bangko Sentral ng Pilipinas Qatar Central Bank Saudi Arabian Monetary Authority Monetary Authority of Singapore Central Bank of Sri Lanka Central Bank of Syria Central Bank of the Republic of China (Taiwan) Bank of Thailand Banco Central de Timor-Leste Central Bank of Turkmenistan Central Bank of the United Arab Emirates Central Bank of Uzbekistan State Bank of Vietnam Central Bank of Yemen
Europe	European Central Bank (Eurosystem) National Bank of the Republic of Abkhazia Bank of Albania Central Bank of Armenia Central Bank of Azerbaijan National Bank of the Republic of Belarus National Bank of Belgium Central Bank of Bosnia and Herzegovina Bulgarian National Bank Croatian National Bank Central Bank of Cyprus Czech National Bank Danmarks Nationalbank (Denmark) Deutsche Bundesbank (Germany) Bank of England Bank of Estonia Bank of Finland Bank of France National Bank of Georgia Bank of Greece Hungarian National Bank Central Bank of Iceland Central Bank of Ireland Bank of Italy Central Bank of Kosovo Bank of Latvia Bank of Lithuania Central Bank of Luxembourg Central Bank of Malta National Bank of Moldova Central Bank of Montenegro De Nederlandsche Bank Norges Bank National Bank of North Macedonia Central Bank of the Turkish Republic of Northern Cyprus Oesterreichische Nationalbank National Bank of Poland Banco de Portugal National Bank of Romania Central Bank of Russia National Bank of Serbia National Bank of Slovakia Bank of Slovenia Gosbank (Soviet Union) Bank of Spain Sveriges Riksbank Swiss National Bank Central Bank of the Republic of Turkey National Bank of Ukraine
North America	Central Bank of Aruba Central Bank of The Bahamas Central Bank of Barbados Bermuda Monetary Authority Bank of Canada Central Bank of Cuba Central Bank of Curaçao and Sint Maarten Eastern Caribbean Central Bank Cayman Islands Monetary Authority Bank of Guatemala Bank of the Republic of Haiti Central Bank of Honduras Bank of Jamaica Bank of Mexico Central Bank of Nicaragua Central Bank of Trinidad and Tobago Federal Reserve System (United States)
Oceania	Reserve Bank of Australia Reserve Bank of Fiji Reserve Bank of New Zealand Bank of Papua New Guinea Central Bank of Samoa Central Bank of Solomon Islands National Reserve Bank of Tonga Reserve Bank of Vanuatu
South America	Central Bank of Argentina Central Bank of Brazil Central Bank of Chile Bank of the Republic (Colombia) Central Bank of Ecuador Central Reserve Bank of Peru Central Bank of Suriname Central Bank of the Uruguay Central Bank of Venezuela
Names in italics indicate non-sovereign (dependent) territories, former countries, or states with limited recognition

Authority control	BNF: cb12143902b (data) GND: 5004366-3 ISNI: 0000 0001 2034 5880 LCCN: n81089839 NKC: ko2011637989 SELIBR: 137662 SUDOC: 027832147 VIAF: 145117430 WorldCat Identities: lccn-n81089839

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Central Bank of West African States

History

Governors

See also

References

External links