African Central Bank

Source: Wikipedia, the free encyclopedia.

The African Central Bank (ACB) is one of the original five financial institutions and specialized agencies of the African Union. Over time, it will take over responsibilities of the African Monetary Fund.

When it is fully implemented, the ACB will be the sole issuer of the

exchange rates
which may or may not be in sync with regional central banks; all in conjunction with the African Government's administration.

The single African currency is to be composed of currency units made up of regional central bank currency units of which are made up country specific currencies (

Economic Community of West African States (ECOWAS) - Western Afriq or ECO, East African Community (EAC), Eastern Afriq - Common Market for Eastern and Southern Africa (COMESA)
- Central Afriq etc.).

See also

References

External links

  • "Pan African remittances conference, February 8th 2007" (PDF). 4 September 2006. Retrieved 2015-11-09.
  • https://web.archive.org/web/20070828225900/http://commentisfree.guardian.co.uk/calestous_juma/2007/07/right_vision_wrong_strategy.html
  • "BBC NEWS | Business | West African central bank robbed". Archived from the original on 2002-09-05. Retrieved 2015-11-09.
  • Adebajo, A.; Rashid, I.O.D. (2004). West Africa's Security Challenges: Building Peace in a Troubled Region. Lynne Rienner Publishers. p. 61. . Retrieved 2015-11-09.
  • https://web.archive.org/web/20120609070731/http://www.edpsg.org/Documents/Dp14.doc
  • Salacuse, J.W. (2000). The Wise Advisor: What Every Professional Should Know about Consulting and Counseling. Praeger. p. 30. . Retrieved 2015-11-09.