FX & Treasury in the CFA Franc zone

Report date:

25 Nov 2019

XOF – UEMOA (Union Economique et Monétaire Ouest Africaine) the Economic Monetary Union of West Africa (WAMU) Comprises Benin, Burkina Faso, Ivory Coast, Niger, Senegal, and Togo.

XAF – CEMAC (Central Africa Economic & Monetary Community) Comprises Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon

Intra zone transfers
Offshore payments
Offshore FX
Security
Local banking
The experiences of NGOs operating in the region.

Contributors:

This report is based on a Treasury Peer Call chaired by Arnaud Francq.

Countries v1:

Benin, Burkina Faso, Ivory Coast, Niger, Senegal, Togo, Cameroon, Central African Republic, Chad, Congo DRC (Kinshasa), Equatorial Guinea, Gabon

Topics covered in this report:

FX, KYC, Bank Relationships, Payments - cross border, Hedging FX

Service providers discussed in this report:

Attijariwafa Bank, Ecobank

Countries:

Central African Republic

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