West African central bank freezes Niger’s accounts

BCEAO cancels bond issue after military detains elected president

BCEAO
The Central Bank of West African States (BCEAO) in Dakar, Senegal
Ji-Elle/Wikipedia

The Central Bank of West African States (BCEAO) has frozen relations with Niger following a military coup in that country last week.

The West African Economic and Monetary Union (WAEMU) for which the BCEAO is the central bank, condemned the coup on July 30. The union’s five civilian leaders ordered the freezing of the state’s accounts at the BCEAO and commercial banks.

On the same day, the Economic Community of West African States (Ecowas), a larger regional grouping, also imposed sanctions on

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