African Central Bank

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The African Central Bank ( English : African Central Bank , short ACB ) is one of three financial institutions of the African Union . She is intended to take over responsibility for the African Monetary Fund .

The creation of the African Central Bank, which will not be completed until 2028, was agreed in the 1991 Abuja Treaty . The Sirte Declaration of 1999 advocates an acceleration of this process with its creation by 2020.

As soon as it is fully regulated by the Pan-African Parliament , the Central Bank of Africa will be the sole issuer of the African common currency , will be the bank of African governments, will be the parent bank for the African private and public banks that regulate and oversee the African banking sector and administer the official interest and exchange rates in conjunction with the African governments.

See also

• Afro (currency)
• Abuja Treaty
• European Central Bank
• ECOWAS
• Euro
• Central African CFA franc
• Amero
• Eco

Web links

• Réal P. Lavergne: Regional Integration and Cooperation in West Africa: A Multidimensional Perspective . 1997
• Samuel O. Onyuma: A Single Monetary Union in Africa: Gainers and Losers. (Technical article) ( Memento from November 20, 2008 in the Internet Archive )
• Adekeye Adebajo, Ismail OD Rashid: West Africa's security challenges: building peace in a troubled region .
• Stephen JH Dearden: The CFA and European Monetary Union . DSA European Development Policy Study Group Discussion Paper No. 14, June 1999. at www.edpsg.org (PDF; 54 kB) Publication overview