Common issuing institute of the eight member states of the West African Monetary Union (UMOA), Niger among them, which describes itself as an international public institution seated in Dakar and founded on 12 May 1962. It has a national directorate in Niamey with auxiliary agencies in Maradi and Zinder.
What they do
Holds the exclusive right to issue currency and sets the rules for banks and financial institutions, including the AML/CFT, payment-services and foreign-exchange texts that apply in Niger. Its Governor chairs the Commission Bancaire, and it runs the LIF-BCEAO financial innovation sandbox for fintechs.
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