Multiple choice

When was the Central Bank of West African States formed?

  1. 1964

  2. 1963

  3. 1962

  4. 1965

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Central Bank of West African States (BCEAO) was established in 1962 to serve the eight West African countries that use the CFA franc. This institution replaced the previous currency arrangements and provides monetary policy for the member states.