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Banque Centrale des Etats de l'Afrique de l'Ouest
(redirected from Bceao)

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Banque Centrale des Etats de l'Afrique de l'Ouest
The central bank of the West African Economic and Monetary Union. It issues the West African CFA franc, which circulates in Benin, Burkina Faso, Cote d'Ivoire, Guinea Bissau, Mali, Niger and Togo. It was established in 1961.


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In 2008, the BCEAO increased the banks' capital requirement to CFA10bn in two stages.
HighStreet Networks, a leader in next generation network management solutions, today announced that it has delivered the latest version of Xpress(TM) to BCEAO (Central Bank of West African States) for management and control their entire computing infrastructure.
Although the administration of the CFA currency was entrusted to a common central bank (comprising BCEAO and BEAC), these so-called African banks were only African in name.
 
 
 
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