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Banque Centrale Des États De L'Afrique De L'Ouest
The Central Bank of West African States (, 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. The BCEAO is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion. History In 1955, the French government transferred the note-issuance privilege for its West African colonies, hitherto held by the Banque de l'Afrique Occidentale, to a newly created entity based in Paris, the Institut d'Émission de l'Afrique Occidentale Française et du Togo. In 1959, the latter's name was changed to BCEAO. The treaty establishing the West African Monetary Union (, UMOA) was signed on and gave BCEAO the exclusive right to issue currency as the common central bank for the, then, seven member countries: Côte d'Ivoire, Dahomey (later renamed Benin), Haute-Volta (later renamed Burkina Faso), Mali, Mauritania, Niger, and Sene ...
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Dakar
Dakar ( ; ; ) is the capital city, capital and List of cities in Senegal, largest city of Senegal. The Departments of Senegal, department of Dakar has a population of 1,278,469, and the population of the Dakar metropolitan area was at 4.0 million in 2023. Dakar is situated on the Cap-Vert peninsula, the westernmost point of mainland Africa. Cap-Vert was colonized by the Portuguese people, Portuguese in the early 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. Kingdom of France, 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, Senegal, Saint-Louis as the capital of French West Africa. From 1959 to 1960, Dakar was the capital of the short-lived Mali Federation. ...
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Burkina Faso
Burkina Faso is a landlocked country in West Africa, bordered by Mali to the northwest, Niger to the northeast, Benin to the southeast, Togo and Ghana to the south, and Ivory Coast to the southwest. It covers an area of 274,223 km2 (105,878 sq mi). In 2024, the country had an estimated population of approximately 23,286,000. Previously called the Republic of Upper Volta (1958–1984), it was Geographical renaming, renamed Burkina Faso by then-List of heads of state of Burkina Faso, president Thomas Sankara. Its citizens are known as Burkinabes, and its Capital city, 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 Mossi Kingdoms, kingdoms such as Ouagadougou, Tenkodogo, and Yatenga. In 1896, it was Colonization, colonized by the French colonial empire, French as part of French West Africa; in 1958, Upper Volta became a self-governing colony wi ...
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Daloa
Daloa is a city in western Ivory Coast. It is the seat of both the Sassandra-Marahoué District and the Haut-Sassandra Region. It is also the seat of and a sub-prefecture of Daloa Department. Daloa is also a commune. In the 2014 census, the city had a population of 245,360, making it the third-largest city in the country. It lies to the west of Yamoussoukro, the capital of Ivory Coast. Daloa is an important trading centre, particularly for cocoa. The city is served by Daloa Airport and is home to the Roman Catholic Diocese of Daloa, with its cathedral at Cathédrale du Christ-Roi. History Civil War The town was repeatedly contested during the First Ivorian Civil War, which lasted from 2002 to 2004. Following the takeover of the town by the government on 16 October 2002, fifty civilians from the north were allegedly killed by government troops. Amnesty International described the killings as a "massacre", saying people in military uniform had killed people suspected of su ...
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Bouaké
Bouaké (or Bwake, N'Ko script, N’ko: ߓߐ߰ߞߍ߫ ''Bɔ̀ɔkɛ́'') is the second-largest list of cities in Ivory Coast, city in Ivory Coast, with a population of 740,000 (2021 census). It is the seat of three levels of subdivisions of Ivory Coast, subdivision—Vallée du Bandama District, Gbêkê Region, and Bouaké Department. The city is located in the central part of Ivory Coast about northeast of Lake Kossou, the country's largest lake. It is approximately north of Abidjan on the Abidjan-Niger Railway and about northeast of Yamoussoukro, the capital of the country. Name For the name of the city Bouaké, there are two possible origins: * The corruption of the chief name Kwa Gbéké that made the foundations of the city of Bouaké. * The name Bouaké coming from two Baoulé words: "Boua" which means sheep and "Ké" which means dry. Thus it is the place where sheep are dried, as they would have seen Dyula people, Jula drying sheep skins when they arrived in Bouaké. ...
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Abengourou
Abengourou is a city in eastern Ivory Coast. It is the seat of both Comoé District and Indénié-Djuablin Region. It is also a commune and the seat of and a sub-prefecture of Abengourou Department. Abengourou is primarily populated by the Anyi ethnic group, a branch of the Akan people who migrated to the region from Ghana. In the 2021 census, the population of the sub-prefecture of Abengourou was 164,424. The city is served by Abengourou Airport. There is also the interior's largest hospital. There is an agricultural vocational training institute, along with a research station that specializes in the local crops of cocoa and coffee. These crops are then transported the to Abidjan for export. Within the city is the residence of the Anyi paramount chief, who is also the King of Indénié, a kingdom founded in the 18th century. His home was built in 1882 and is decorated with artifacts. The name "Abengourou" stems from the Akan language expression "n'pé kro", which means ...
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Bobo-Dioulasso
Bobo-Dioulasso ( , ) is a city in Burkina Faso with a population of 1,129,000 (); it is the second-largest city in the country, after Ouagadougou, Burkina Faso's capital. The name means "home of the Bobo- Dioula". The local Bobo-speaking population (related to the Mande) refers to the city simply as ''Sia''. There are two distinct dialects of Jula spoken, based on the origins of different groups of speakers. The city is situated in the southwest of the country, in the Houet Province, some 350 km (220 mi) from Ouagadougou. Bobo-Dioulasso is significant both economically (agricultural trade, textile industry) and culturally, as it is a major center of culture and music. History Early History According to local tradition, Bobo-Dioulasso was founded as Sia in the 15th century. Populated by the Oule and Dioula subgroups of the Bobo people, it became an important market center, particularly in the export of horses southwards. Sia was therefore an important link i ...
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Parakou
Parakou is the largest city in northern Benin, and the third-largest city in the country, with an estimated population of around 206,667 people, and capital of the Borgou Department. Administratively the commune of Parakou makes up one of Benin's 77 communes. History The city was founded in the 16th century by traders. In the 18th century Parakou, like much of the surrounding region, came under the rule of princes from Nikki. The defeat of the Nikki-led invasion of Ilorin in 1837 and death of its king gave Parakou and the other vassals an opportunity to seize more control over trade and increase their political independence. The Anglo-French Convention of 1898 divided the Borgu federation in two. Parakou became the main administrative center of the half that was joined to French Dahomey. Economy Parakou lies on the main north-south highway RNIE 2 and at the end of a railway to Cotonou. Markets This has made it an important market town, with major industries including ...
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Ouagadougou
Ouagadougou or Wagadugu (, , , ) is the capital city of Burkina Faso, and the administrative, communications, cultural and economic centre of the nation. It is also the List of cities in Burkina Faso#Largest cities, country's largest city, with a population of 2,415,266 in 2019. The city's name is often shortened to ''Ouaga''. The inhabitants are called ''ouagalais''. The spelling of the name ''Ouagadougou'' is derived from the French orthography common in former French African colonies. Ouagadougou's primary industries are food processing and Textile industry, textiles. It is served by Thomas Sankara International Airport Ouagadougou, an international airport and is linked by rail to Abidjan in the Ivory Coast and, for freight only, to Kaya, Burkina Faso, Kaya. There are several highways linking the city to Niamey, Niger, south to Ghana, and southwest to Ivory Coast. Ouagadougou has one of West Africa's largest markets, which burned down in 2003 and has since reopened with be ...
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Banking Commission Of The West African Monetary Union
The Banking Commission of the West African Monetary Union (, CB-UMOA) is a supranational bank supervisor established in 1990 and based in Abidjan, Ivory Coast. It is institutionally part of the Central Bank of West African States (French acronym BCEAO) and is the single banking supervisor for the eight countries of the West African Monetary Union (UMOA), namely Benin, Burkina Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo. Overview In 1989, BCEAO Governor Alassane Ouattara promoted the creation of a single banking supervisory authority for the entire West African Monetary Union, in a context of banking sector fragility in West Africa and widespread supervisory failure by the then-existing national banking commissions of the individual UMOA member states. The Banking Commission was established by an international convention signed by the participating governments in Ouagadougou on , complemented by a bilateral agreement between the BCEAO and Ivory Coast on ...
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Alassane Ouattara
Alassane Dramane Ouattara (; ; born 1 January 1942) is an Ivorian politician and economist who has been List of heads of state of Ivory Coast, President of Ivory Coast (Côte d'Ivoire) since 2010. An economist by profession, he worked for the International Monetary Fund (IMF)"Ivory Coast's Alassane Ouattara in profile"
, BBC News, 11 April 2011.
and the Central Bank of West African States (, BCEAO), and was the Prime Minister of Côte d'Ivoire from November 1990 to December 1993, appointed to that post by then-President Félix Houphouët-Boigny., 12 December 2005.CV at Ouattara's website
.
Ouattara became the president of the Rally of the Republicans ( ...
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Ouguiya
The ouguiya ( (); sign: UM; code: MRU), at one time spelled "ougiya", is the currency of Mauritania. Each ouguiya constitutes five khoums (meaning "one fifth"). The current ouguiya was introduced in 2018, replacing the old ouguiya at a rate of 1 new ouguiya = 10 old ouguiya, which in turn replaced the CFA franc at a rate of 1 old ouguiya = 5 francs. The name ''ouguiya'' () is the Hassaniya Arabic pronunciation of '' uqiyyah'' ), meaning "ounce". First Ouguiya (MRO) Coins In 1973, coins of (1 khoums), 1, 2, 5, 10 and 20 ouguiya were introduced into circulation. This was the only year that the khoums was minted, as the ouguiya was worth five CFA Francs a khoums was the equivalent of the franc (which had no subdivision). The most recent issues were in 2003 (1 ouguiya) and 2004 (other denominations). Coins are minted at the Kremnica mint in Slovakia. The coinage slightly changed in 2009, with a reduced 1 ouguiya in plated composition and a bi-metallic 20 ouguiya issued. A bi-me ...
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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 Aluminium (or aluminum in North American English) is a chemical ele ...
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