It issues the West African CFA franc. A central bank performs monetary functions for an economy; it does not serve individuals in the same way as a commercial bank.
BCEAO
In a nutshell
The Central Bank of West African States is the common central bank of the eight UMOA member countries.
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Explained simply
A practical example
Example: CFA franc banknotes used in Benin are issued by the BCEAO, even when withdrawn from a commercial bank.
Further reading
Source: BCEAO — Overview.
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What this means
Issuing West African CFA franc banknotes is a BCEAO function.
Educational scenarios. Amounts and rates are fictional, not current market conditions.