ENGLISH PRESENTATION

CBWAS

CESAG-PRO
Class : B2D
Academic year : 2018-2019
Group members : Teachers :
SOW Nafissatou Mr THIAM / Mr BA
SANGAM Atina-Edi Guy
GUEYE Aissatou
 PLAN

INTRODUCTION

 Definition and states members of the CBWAS

 Missions of the CBWAS

 Organs of the CBWAS

CONCLUSION

INTRODUCTION

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 In order to make the exchanges easier in West Africa , 8 countries
belonging to West African Economic and Monetary Union
(WEAMU) and using the same currency decide to create together a
central bank called CBWAS (Central Bank of West African States)
which is an international public institution.

In our presentation, we will see what is exactly the CBWAS (definitions ,

states members, roles, organs) .

WHAT IS EXACTLY THE CBWAS ?

 Definition and states members of the CBWAS

The CBWAS has been created by 8 countries : Bénin, Burkina Faso, Côte
d’Ivoire, Guinée-Bissau, Mali, Niger, Sénégal, Togo on May 12th 1962
and its headquarter is in Dakar (Sénégal).

The currency use is the CFA and the governor is Tiemoko Meyliet Koné
from Côte d’Ivoire since 2011.

 Missions of the CBWAS

The CBWAS :

 Defines and implements the monetary policy in order to improve

the currency issues within the WEAMU space ;

 Promotes the smooth running and the security of payment

systems ;

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  Manages the official foreign exchange reserves of the WEAMU
states ;

 Is in charge of the circulation of the currency between the

countries ;

 Ensures the financial and banking stability of the CFA-zone and

the exchange rate policy of the WAEMU under the decisions made
by the Council of Ministers.

 Organs of the CBWAS

The CBWAS is runned by 5 organs :

 The Governor :
He is the president of the Monetary Policy Committee and the
Board of Directors. He works with Vice-Governors. The Governor is
named for 6 years by the Conference of Heads of States and
Governments of all the members of the CBWAS ;

 The Vice-Governors :
They are named for 5 years and assist the Governor for preparing
and making decisions of the Boards and Committees of the
CBWAS ;

 The Monetary Policy Committee :

It defines the monetary policy in the WEAMU space ;

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  The Board of Directors :
It is in charge of all the questions related to the management of the
CBWAS ;

 The Audit Committee :

It is in charge of the appreciation of the administration’s quality,
the running, the financial information and the control system of the
CBWAS ;

 The National Credit Council :

It analyses the working conditions of the banking and financial
system especially the relations with clients and the management of
the means of payment.

Here are the main subsidiaries of the CBWAS in each country

Bénin Burkina Faso

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 Côte d’Ivoire Guinée-Bissau

Mali
Niger

Sénégal
Togo

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 CONCLUSION
The CBWAS (Central Bank of West African States), created in
May 1962 , permits to all the 8 west african states to unify their rules
and make easier the exchanges between the countries. This public
institution is managed by five organs (the Governor , the Vice-
Governors , the Board of Directors, the Audit Committee, the Monetary
Policy Committee and the National Credit Council).