The Central Bank of West African States (BCEAO) is an international public institution founded in 12 May 1962 with headquarters in Dakar, Senegal. It is the common issuing institution of the member states of the West African Monetary Union (WAMU).
Functions of Central Bank of West African States (BCEAO)
The basic functions of BCEAO are discussed below:
The Central Bank may lead, in respect of monetary equilibrium, specific tasks or projects that contribute to improving the environment of monetary policy, diversification and strengthening of the financial system of WAMU and technical and professional capacities in the banking and financial sector.
Member States of Central Bank of West African States (BCEAO)