Central Bank of West African States
RegulatorsAbout Central Bank of West African States
The Central Bank of West African States (BCEAO) is the central monetary authority in Benin and other member countries of the West African Economic and Monetary Union (WAEMU). BCEAO formulates and implements monetary policy, manages the region’s financial stability, and regulates the banking system. The bank also aims to maintain price stability and support economic development through coordinated fiscal policies among WAEMU member states. It oversees the issuance of the West African CFA franc, the common currency used in the region.
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