Central Bank of West African States
West African central bank raises rates as crises continue
Authorities cite “rising uncertainties at regional level” and reduced aid after wave of coups
Reports of cash restrictions in Niger
West African central bank froze relations and closed local offices after July 26 coup
People round-up: Breeden promoted to BoE deputy governor
Former Moroccan governor dies; Tonga appoints deputies; and more
West African central bank freezes Niger’s accounts
BCEAO cancels bond issue after military detains elected president
Rates round-up: Australia signals more tightening to come
Guatemala and West African states increase rates, while Jamaica raises reserve requirement
Armenia, Mauritius and West African states raise rates
Bank of Mauritius will move to new monetary policy framework in January
West Africa central bank orders second rate rise of 2022
MPC says drought, unrest and global commodities shocks are driving up inflation
People: July to September 2022
A round-up of central bankers in the news and on the move during the past three months
Banknotes: July to September 2022
A round-up of news and salient issues that have affected central bankers during the past three months
People: April to June 2022
A round-up of central bankers in the news and on the move during the past three months
Rates round-up: RBI adds 50bp to main rate
Chile announces eighth rate hike; Thai PM reveals rate hold early; and more
West African leaders name new central bank governor
Previous governor departed in April, leaving interim leadership unclear
What is the right size for a central bank board?
There is greater consensus for smaller boards in theory than in practice
BCEAO governor becomes vice-president of Côte d’Ivoire
Ecowas president Jean-Claude Brou in line to take over as central bank governor
Board sizes vary widely across central banks
Board terms average around five years and non-executive directors are common
West African central bank denies devaluation
CFA franc has been pegged to European currency since establishment
Former Guinea governor held by police
Lounsény Nabé taken into custody this month after being dismissed following military coup
West African central bank freezes Mali assets
Regional authorities demand Malian military government hold elections as scheduled
People: Central Bank of West Africa governor reappointed for second term
Oman’s sultan elects new central bank board chairman; and more
West Africa launches new currency in break with France
France will now have less involvement in the affairs of the West African Economic and Monetary Union
West Africa announces ambitious new ‘eco’ currency plans
Single currency seems unlikely to be introduced by next year, despite updated launch plans
BCEAO denounces ‘fraudulent’ messages on social media
The Central Bank of West African States denies the existence of false serial numbers on banknotes
Guinea Bissau still struggling with NPLs, says latest IMF assessment
Country still reeling from failed bailout that saw two banks default
Ghanaian president nominates economist as governor
Ernest Addison is lead regional economist at African Development Bank