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BCEAO
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): *Benin *Burkina Faso *Guinea-Bissau * Ivory Coast (Côte d'Ivoire) *Mali *Niger *Senegal *Togo The Bank is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion. History Its predecessor, the ("note-issuing institute of French West Africa and Togo"), was created in 1955 and became BCEAO in 1959. 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: * Ivory Coast * Dahomey (modern day Benin) * Haute-Volta (modern day Burkina Faso) *Mali * Mauritania *Niger *Senegal On June 30, 1962 Mali left the gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West African CFA Franc
The West African CFA franc ( French: ''franc CFA'' or simply ''franc'', ISO 4217 code: XOF; abbreviation: F.CFA) is the currency used by eight independent states in West Africa which make up the West African Economic and Monetary Union (UEMOA; '): Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. These eight countries had a combined population of 105.7 million people in 2014, and a combined GDP of US$128.6 billion (as of 2018). The acronym CFA stands for ' ("African Financial Community"). The currency is issued by the Central Bank of West African States (BCEAO; '), located in Dakar, Senegal, for the members of the UEMOA. The franc is nominally subdivided into 100 ''centimes'' but no coins or banknotes denominated in centimes have ever been issued. The production of CFA franc notes and coins has been carried out at Chamalières by the Bank of France since its creation in 1945. The Central African CFA franc is of equal value to the West ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alassane Ouattara
Alassane Dramane Ouattara (; ; born 1 January 1942) is an Ivorian politician who has been President of Ivory Coast (Côte d'Ivoire) since 2010. An economist by profession, Ouattara worked for the International Monetary Fund (IMF)"Ivory Coast's Alassane Ouattara in profile" , , 11 April 2011. and the (french: Banque Centrale des Etats de l'Afrique de l'Ouest, BCEAO), and he was the |
Tiémoko Meyliet Koné
Tiémoko Meyliet Koné (born 26 April 1949) is an Ivorian economist and politician. He has served as Vice-President of Ivory Coast since April 2022. Early life Koné was born 26 April 1949 in Tafiré. He is part of the Senoufo ethnic group. He is married and has 5 children. Career Koné joined the Central Bank of West African States (BCEAO) in 1975. He served as BCEAO National Director and Alternate Governor at the IMF from 1991 to 1998. Koné was Chairman of the Board of Directors of the UEMOA Pension Fund (CRRAE-UEMOA) from 1996 to 2006. During his career at the BCEAO, he became good friends with another Ivorian banker, Alassane Ouattara. In 2007, Ouattara encouraged new Prime Minister Guillaume Soro Guillaume Kigbafori Soro (born 8 May 1972) is an Ivorian politician who was the Prime Minister of Côte d'Ivoire from April 2007 to March 2012. Prior to his service as Prime Minister, Soro led the Patriotic Movement of Côte d'Ivoire, and later ... to take Koné as chief ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Konan Banny
Charles Konan Banny (11 November 1942 – 10 September 2021)Biography at BCEAO website was an Ivorian politician, who served as from 7 December 2005 until 4 April 2007. Life and career Banny joined the (BCEAO) in 1976, holding various positions in the Bank over the years. In 1988 he became Special Advisor to the Governor of BCEAO. After BCEAO Governor |
Burkina Faso
Burkina Faso (, ; , ff, 𞤄𞤵𞤪𞤳𞤭𞤲𞤢 𞤊𞤢𞤧𞤮, italic=no) is a landlocked country in West Africa with an area of , bordered by Mali to the northwest, Niger to the northeast, Benin to the southeast, Togo and Ghana to the south, and the Ivory Coast to the southwest. It has a population of 20,321,378. Previously called Republic of Upper Volta (1958–1984), it was renamed Burkina Faso by President Thomas Sankara. Its citizens are known as ''Burkinabè'' ( ), and its capital and largest city is Ouagadougou. The largest ethnic group in Burkina Faso is the Mossi people, who settled the area in the 11th and 13th centuries. They established powerful kingdoms such as the Ouagadougou, Tenkodogo, and Yatenga. In 1896, it was colonized by the French as part of French West Africa; in 1958, Upper Volta became a self-governing colony within the French Community. In 1960, it gained full independence with Maurice Yaméogo as president. Throughout the decades post in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CFA Franc
The CFA franc (french: franc CFA, , Franc of the Financial Community of Africa, originally Franc of the French Colonies in Africa, or colloquially ; abbreviation: F.CFA) is the name of two currencies, the West African CFA franc, used in eight West African countries, and the Central African CFA franc, used in six Central African countries. Although separate, the two CFA franc currencies have always been at parity and are effectively interchangeable. The ISO currency codes are XAF for the Central African CFA franc and XOF for the West African CFA franc. On 22 December 2019, it was announced that the West African currency would be reformed and replaced by an independent currency to be called Eco. Both CFA francs have a fixed exchange rate to the euro: 100 CFA francs = 1 French franc = €0.152449; or €1 = F 6.55957 = F.CFA 655.957 exactly. Usage CFA francs are used in fourteen countries: twelve nations formerly ruled by France in West and Central Africa (excludin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jean-Claude Brou
Jean-Claude Kassi Brou (born 1953) is an Ivorian politician and economist. He has been President of the Economic Community of West African States Commission since March 2018. He previously served as Minister of Industry and Mines of Ivory Coast between November 2012 and March 2018. Life Brou was born in 1953. In 1976 he obtained a degree in economics from the National University of Ivory Coast. He moved to the United States where he studied at the University of Cincinnati, obtaining a master's degree in economics in 1979, an MBA in finance in 1980 and his PhD in economics in 1982. He worked as a professor of economics at the same university between 1981 and 1982. Brou started working for the International Monetary Fund in 1982. He worked as an economist and senior economist in several African countries. From 1990 to 1991 he was the IMF's resident representative in Senegal. Brou then returned to Ivory Coast, where he served as Economic and Financial Advisor to the Prime Minister ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mali
Mali (; ), officially the Republic of Mali,, , ff, 𞤈𞤫𞤲𞥆𞤣𞤢𞥄𞤲𞤣𞤭 𞤃𞤢𞥄𞤤𞤭, Renndaandi Maali, italics=no, ar, جمهورية مالي, Jumhūriyyāt Mālī is a landlocked country in West Africa. Mali is the eighth-largest country in Africa, with an area of over . The population of Mali is million. 67% of its population was estimated to be under the age of 25 in 2017. Its capital and largest city is Bamako. The sovereign state of Mali consists of eight regions and its borders on the north reach deep into the middle of the Sahara Desert. The country's southern part is in the Sudanian savanna, where the majority of inhabitants live, and both the Niger and Senegal rivers pass through. The country's economy centres on agriculture and mining. One of Mali's most prominent natural resources is gold, and the country is the third largest producer of gold on the African continent. It also exports salt. Present-day Mali was once part of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Niger
) , official_languages = , languages_type = National languagesRépublique du Niger, "Loi n° 2001-037 du 31 décembre 2001 fixant les modalités de promotion et de développement des langues nationales." L'aménagement linguistique dans le monde (accessed 21 September 2016) , languages = , religion_ref = , religion_year = 2012 , religion = , demonym = Nigerien , capital = , coordinates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dakar
Dakar ( ; ; wo, Ndakaaru) (from daqaar ''tamarind''), is the capital and largest city of Senegal. The city of Dakar proper has a population of 1,030,594, whereas the population of the Dakar metropolitan area is estimated at 3.94 million in 2021. The area around Dakar was settled in the 15th century. The Portuguese established a presence on the island of Gorée off the coast of Cap-Vert and used it as a base for the Atlantic slave trade. France took over the island in 1677. Following the abolition of the slave trade and French annexation of the mainland area in the 19th century, Dakar grew into a major regional port and a major city of the French colonial empire. In 1902, Dakar replaced Saint-Louis as the capital of French West Africa. From 1959 to 1960, Dakar was the capital of the short-lived Mali Federation. In 1960, it became the capital of the independent Republic of Senegal. History The Cap-Vert peninsula was settled no later than the 15th century, by the Lebu peop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benin
Benin ( , ; french: Bénin , ff, Benen), officially the Republic of Benin (french: République du Bénin), and formerly Dahomey, is a country in West Africa. It is bordered by Togo to the west, Nigeria to the east, Burkina Faso to the north-west, and Niger to the north-east. The majority of its population lives on the southern coastline of the Bight of Benin, part of the Gulf of Guinea in the northernmost tropical portion of the Atlantic Ocean. The capital is Porto-Novo, and the seat of government is in Cotonou, the most populous city and economic capital. Benin covers an area of and its population in was estimated to be approximately million. It is a tropical nation, dependent on agriculture, and is an exporter of palm oil and cotton. Some employment and income arise from subsistence farming. The official language of Benin is French, with indigenous languages such as Fon, Bariba, Yoruba and Dendi also spoken. The largest religious group in Benin is Sunni Islam (27 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malian Franc
The Malian franc was the independent currency of Mali between 1962 and 1984. Although technically subdivided into 100 ''centimes'', no subdivisions were issued. History Until 1962, Mali used the West African CFA franc. The Malian franc was introduced that year at par with the CFA franc, but devalued relative to it in 1967 due to greater inflation in the country than had occurred in the CFA franc zone. In 1984, Mali readopted the CFA franc, with 2 Malian francs = 1 CFA franc. Exchange rates *1 July 1962 to 4 May 1967: Peg with the French franc (1 MLF = 0.02 FRF = 1 XOF). *5 May 1967 to 31 May 1984: Devalued by 50% (1 MLF = 0.01 FRF = 0.50 XOF) due to greater inflation in Mali than in countries using the CFA franc. On 1 June 1984, Mali readopted the CFA franc, worth two Malian francs. Coins In 1962, aluminium coins were issued (dated 1961) in denominations of 5, 10 and 25 francs. A second issue of aluminium and nickel-brass Nickel silver, Maillechort, German silver, Argentan, n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
