Union monétaire Ouest africaine (UMOA)
West African Monetary Union (WAMU)
Search Open Yearbook
This information is part of the Open Yearbook, a free service of UIA's subscription-based Yearbook of International Organizations (YBIO). It includes profiles of non-profit organizations working worldwide in all fields of activity. The information contained in the profiles and search functionality of this free service are limited.
The full-featured Yearbook of International Organizations (YBIO) includes over 72,500 organization profiles, additional information in the profiles, sophisticated search functionality and data export. For more information about YBIO, please click here or contact us.
The UIA is a leading provider of information about international non-profit organizations. The aim of the Open Yearbook is to promote the activities of international non-governmental organizations (INGOs) and intergovernmental organizations (IGOs).
Founded
1962-05-12
History
Established on signature of a Treaty by the Governments of Côte d'Ivoire, Dahomey (currently Benin), Mali, Mauritania, Niger, Senegal, Upper Volta (currently Burkina Faso). Subsequently ratified by all except Mali. The Government of Togo adhered 27 Nov 1963.
A new Agreement, replacing the earlier Treaty, signed by Governments of Benin, Burkina Faso, Côte d'Ivoire, Niger, Senegal and Togo on 14 Nov 1973.
Cooperation Agreement with French Government signed 4 Dec 1973, Dakar (Senegal). Mali readmitted as member, 31 Oct 1983, Niamey (Niger).
Activities first complemented by and subsequently replaced by F-XF3713 - Union économique et monétaire Ouest africaine (UEMOA), set up 1 Aug 1994.
Aims
Enforce rules governing the issue of a common currency entrusted to Central Bank of West African States; assist in the effective use of monetary resources of member countries.
Events
2 past events available with paid subscription only.Activities
Available with paid subscription only.Structure
Organs (4): I. Conference of Heads of State (supreme authority). II. Council of Ministers (meeting twice a year) acts as steering committee; it comprises two ministers per member country, but only the Minister of Finance has the right to vote. The Council of Ministers is a common organ of UEMOA and UMOA; it draws up monetary and credit policy of the Union and approves agreements and conventions, in particular relating to clearance and payments between the institution issuing common currency and similar institutions outside the Union. III. Commission bancaire. IV. Conseil régional de l'épargne et des marchés financiers (Regional Council for Savings and Financial Markets). Specialized autonomous institutions: F-XF4541 - Banque centrale des Etats de l'Afrique de l'Ouest (BCEAO) - set up 1 Nov 1962, and an institution of UMOA since its establishment; F-XF4540 - Banque ouest africaine de développement (BOAD) - set up 14 Nov 1973, an institution of UMOA following signature of the treaty setting up UEMOA, 10 Jan 1994.
Languages
Available with paid subscription only.Finance
Available with paid subscription only.Relations with Inter-Governmental Organizations
Available with paid subscription only.Relations with Non-Governmental Organizations
Available with paid subscription only.Members
Available with paid subscription only.Type I Classification
Available with paid subscription only.Type II Classification
Available with paid subscription only.Subjects *
Available with paid subscription only.UIA Org ID
XD3426
Last News
2002
** UN SDGs are linked to the subject classification.
← return to your search page to find additional profiles.
UIA allows users to access and make use of the information contained in its Databases for the user’s internal use and evaluation purposes only. A user may not re-package, compile, re-distribute or re-use any or all of the UIA Databases or the data* contained therein without prior permission from the UIA.
Data from database resources may not be extracted or downloaded in bulk using automated scripts or other external software tools not provided within the database resources themselves. If your research project or use of a database resource will involve the extraction of large amounts of text or data from a database resource, please contact us for a customized solution.
UIA reserves the right to block access for abusive use of the Database.
* Data shall mean any data and information available in the Database including but not limited to: raw data, numbers, images, names and contact information, logos, text, keywords, and links.