Banque centrale des Etats de l'Afrique de l'Ouest (BCEAO)

Central Bank of the West African States

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 70,000 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).

Contact Details

Available with paid subscription only.

History

1 Nov 1962, on coming into force of a Convention signed 12 May 1962, replacing the Institut d'émission de l'AOF et du Togo, set up 1955, Paris (France). Currently governed by Treaty signed 14 Nov 1973, Paris, and entered into force 11 Oct 1974, setting up West African Monetary Union (WAMU) - now subsumed in West Africa Economic and Monetary Union (UEMOA) - to which BCEAO statutes are annexed. The Treaty also formed agreement with government of France. Since the establishment of UEMOA, 1 Aug 1994, the Bank is common Issuing Institute of all UEMOA member states. Comes within the framework of African Financial Community (CFA), all member countries being part of CFA Franc Zone (PAZF) and having the common currency 'CFA Franc'. The Bank is unofficially referred to by English initials CBWAS.

Aims

Act as issuing institute for member states of WAMU, managing their common unit of currency, the CFA franc, and the monetary, banking and financial system; organize and monitor distribution of credit; provide professional training in banking and finance.

Available with paid subscription only.

Activities

Has the exclusive privilege of issuing monetary devices that are legal currency and tender in member states. Although monetary reserves of CFA countries are normally held in French francs in the French treasury, BCEAO may hold up to 35 percent of its foreign exchange in other currencies. WAMU Banking Commission functions as supervision and control organ to guarantee protection of depositors and stability of the financial system, according to an agreement in force from 1 Oct 1990. The Commission: conducts on-site and off-site inspections of banks and financial establishments; comments on requests for authorization by banks and financial institutions; makes warnings, injunctions or disciplinary procedures if applicable provisions are not respected; takes disciplinary sanctions in relation to the infraction committed.

Structure

Available with paid subscription only.

Languages

French.

Relations with Inter-Governmental Organizations

Relations with 25 inter-governmental organizations.
More detailed data available with paid subscription.

Relations with Non-Governmental Organizations

Relations with 6 non-governmental organizations.
More detailed data available with paid subscription.

Publications

Available with paid subscription only.

Members

Members in 8 countries
More detailed data available with paid subscription.

Type I Classification

Available with paid subscription only.

Type II Classification

Available with paid subscription only.

Subjects *

  • Commerce
    • Banking
  • Government
    • Nation State

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic GrowthGOAL 10: Reduced InequalityGOAL 16: Peace and Justice Strong Institutions

UIA Org ID

F4541

Last News Received

2009
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

You are viewing an organization profile from the Yearbook of International Organizations Online.
← return to your search page to find additional profiles.
Terms of Use

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.