On May 12th, 1962, the West African Monetary Union was established by treaty between six French-speaking African states, Senegal, Ivory Coast, Upper Volta, Niger and Dahomey. This Union is linked with France by a system of “operations accounts†concluded between the French Treasury and individual issuing banks. The system ensures the free inter-state convertibi...
On May 12th, 1962, the West African Monetary Union was established by treaty between six French-speaking African states, Senegal, Ivory Coast, Upper Volta, Niger and Dahomey. This Union is linked with France by a system of “operations accounts†concluded between the French Treasury and individual issuing banks. The system ensures the free inter-state convertibi...