West African Monetary Union
ORGANIZATION
ECOWAS; Ecowas; West African Economic and Monetary Union; Union économique et monétaire ouest-africaine; West African Monetary Union; West African Monetary Zone; West African Economic Community; WAEMU; Executive Secretearies of the Economic Community of West African States; Executive Secretaries of the Economic Community of West African States; Economic community of west african states; The Economic Community of West African States; Union economique et monetaire ouest-africaine; Communauté économique des Etats de l'Afrique de l'ouest; CEDEAO; Economic Community Of West African States; Communauté Economique des Etats de l'Afrique de l'Ouest; Economic Community of West African State; Economic Community of Western African States; ECOWAS Tribunal; West African Monetary Institute; West African Monetary and Economic Union; Executive Secretary of the Economic Community of West African States; List of Presidents of the Economic Community of West African States Commission; Uemoa.int; Comunidade Económica dos Estados da África Ocidental; Communauté économique des États de l'Afrique de l'Ouest
WAMU (French: Union Monetaire Quest Africaine, UMOA) began operation in 1963 and was revised in 1973. The Union comprises seven French-speaking African countries: Benin, Burkina Faso, Cote d'Ivoire, Mali, Niger, Senegal, and Togo which share a: (a) central bank (Banque Centrale des Etats de l'Afrique de l'Ouest) which coordinates the Union's monetary and credit policies; (b) common currency (CFA Franc) which is freely convertible into the French Franc at a fixed parity; and (c) a common regional development bank, the West African Development Bank. WAMU headquarters are in Daka, Senegal.