Its members are Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. UEMOA and ECOWAS are separate organisations.
UEMOA (WAEMU)
In a nutshell
The West African Economic and Monetary Union brings together eight countries around a common currency and a programme of economic integration.
On this page
Explained simply
A practical example
Example: the Union’s common rules can facilitate trade between a Beninese business and a Senegalese customer.
Further reading
Source: UEMOA — Overview.
Try it yourself
Compare two situations
Choose a situation to see its outcome, then test your understanding.
What this means
Both countries belong to UEMOA and use the West African CFA franc.
Educational scenarios. Amounts and rates are fictional, not current market conditions.