West African Monetary Union

(redirected from West African Economic and Monetary Union)
Also found in: Acronyms, Wikipedia.

West African Monetary Union

An organization of several countries in West Africa whose members are politically separate but have free movement of goods and services and labor across borders and, most importantly, use a single currency: the West African CFA franc. Members include Benin, Burkina Faso, Cote d'Ivoire, Guinea Bissau, Mali, Niger and Togo. It was established in 1994.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Mentioned in ?
References in periodicals archive ?
In addition to experts from the ECOWAS Commission, the meeting was also attended by representatives of intergovernmental organizations and partner institutions such as the ECOWAS Bank for Industrial Development (EBID), the West African Economic and Monetary Union (UEMOA) Commission, and the West African Development Bank (BOAD).
France has signed agreements concerning the exchange rates with the countries of the West African Economic and Monetary Union (UEMOA), the Central African Economic and Monetary Community (CEMAC) as well as with the Comores.
The West Africa Regional Indicative Programme was co-signed by President Kadre Desire Ouedraogo of the Economic Community of West African States (ECOWAS) and President Cheikhe Hadjibou Soumare of the West African Economic and Monetary Union (UEMOA).
Abdoulaye Bio Tchane remains at the head of the West African Development Bank until his candidacy for the Benin's presidency is validated by the country's Constitutional Court, the Council of Finance Ministers of the West African Economic and Monetary Union (UEMOA) has decided.
"It is important for the sub regional market's growth to come and meet British as well as international investors to show them the evolution and performance of the West African Economic and Monetary Union," said Edoh Kossi Amenounve, CEO of the BRVM in front of more than a hundred personalities, including numerous representatives of the WAEMU market, leaders of both the BRVM and the London Stock Exchange and international investors.
Those concessions include the rules on free movement of people and goods in the West African Economic and Monetary Union (UEMOA) zone that brings together Francophone West Africa.
The funds raised in this new operation will enable BOAD to increase its efforts in support of merchant public sector and private sector projects in the West African Economic and Monetary Union.
Senegal and members of the West African Economic and Monetary Union (UEMOA*) completed a major step towards introducing Islamic financial services later this year following a review of the region's financial regulations.

Full browser ?