• Welcome to WAMA

    Background information

    The West African Monetary Agency (WAMA) is an autonomous and specialised agency of the Economic Community of West African States (ECOWAS). It was established in 1996 as a result of the transformation of the West African Clearing House (WACH). In retrospect, WACH was established in 1975 to serve as a multilateral payment facility to promote trade within the West African sub-region. In addition to its functions of routing and clearing trade transactions and services, the Agency has been charged with the responsibility of monitoring, coordinating and implementing the ECOWAS Monetary Cooperation Programme (EMCP), geared towards the creation of the ECOWAS…

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Report on Exchange Rate Developments of ECOWAS Currencies as at end 2016

Introduction

This report on exchange rate developments in 2016 is part of the monitoring of the stabilization of exchange rates of ECOWAS national currencies, which is a main activity under the Roadmap for the creation of the ECOWAS single currency. It contains the analysis of the world economic and financial environment, a review of the evolution of the major foreign currencies and local currencies of ECOWAS Member States, an explanation of factors behind the exchange rate movements and their implications for the respective economies in the region.

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Financial stability 2016 Report

Introduction

Financial stability has become a major global concern. The prime reasons for this concern are the increasing number of financial crises from the late 1980s to the present, especially the successive crises in Asia, Latin America and the global crisis today as well as their financial and socio-economic costs. The increasing interconnection of the various components of the financial system and the fast pace of financial innovation have increased the risks and the magnitude of their repercussions. Beyond their repercussions, the succession of increasingly severe crises raises the problem on the one hand of the institutional mechanism or the body…

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WEST AFRICAN MONETARY AGENCY CODE OF CONDUCT FOR STAFF

The West African Monetary Agency’s (WAMA) reputation as the key organ of the Economic Community of West African States (ECOWAS) responsible for fostering monetary integration depends on the ability of its staff to uphold the highest standards of ethical and professional behavior at all times and in all of their dealings. The application of strong ethical standards should support the strengthening of the credibility of WAMA and thus contribute to the discharge of its mandate of working towards achieving a single currency for the ECOWAS Region. This Code of Conduct outlines the standards of behavior expected of WAMA staff. It provides guidance to assist staff members to understand their responsibilities and obligations, and to be able to identify situations that may reflect negatively on WAMA, undermine its operations or result in conflicts of interest. The Code compliments other WAMA rules and regulations and does not cover every possible situation of misconduct. If staff members are unsure of what course of action to take in any particular situation, they should seek guidance from their immediate supervisors or from the Administration Unit. This Code of Conduct shall apply to all WAMA staff members on permanent appointment, temporary appointment as well as staff members on secondment, on a leave of absence with or without pay or on any course of training. This Code shall also apply to consultants on assignment within the Agency. Staff members are encouraged to report any observed or suspected…

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Exchange Rates

Exchange rates as of 20-02-2018

Currency UCAO/WAUA USD GBP EURO
CEDI-GHS 6.449526787 4.418149948 6.213237762 5.50681543
DALASI-GMD 67.71069336 46.38417816 65.23000336 57.8135871
ESCUDO-CVE 129.1471252 88.47026062 124.415596 110.269996
FCFA-XOF 768.2503052 526.2781372 740.104126 655.956970
FRANC GUINEEN-GNF 13140.69629 9001.833008 12659.26465 11219.9521
LIBERIA DOLLAR-LRD 187.1948853 128.2350006 180.3366852 159.833068
LEONE-SLL 11073.73047 7585.890137 10668.02539 9455.11035
NAIRA-NGN 445.9627991 305.5 429.624176 380.777496
EURO 1.171190023 0.81032002 1.134709954 1
GREAT BRITISH POUND-GBP 1.038030028 0.714119971 1 0.88128244
US DOLLAR-USD 1.459779978 1 1.400324821 1.23408031
WAUA-UCAO 1 0.685034752 0.96336329 0.85383242

Historical Rates

WAMA currency converter
 


Cross Rates

Exchange rates as of 20-02-2018

Currency GHS GMD CVE XOF GNF SLL LRD NGN
CEDI-GHS 1 10.49855232 20.02427864 119.1173019 2037.466675 1716.983398 29.02459145 69.14659119
DALASI-GMD 0.095251225 1 1.90733707 11.34606934 194.0711975 163.5447693 2.764627934 6.586297512
ESCUDO-CVE 0.049939379 0.524291158 1 5.948644161 101.7498169 85.74507904 1.449470043 3.453137636
FCFA-XOF 0.008395086 0.088136248 0.168105528 1 17.10470772 14.41422272 0.243663937 0.580491543
FRANC GUINEEN-GNF 0.000490806 0.005152748 0.009828027 0.058463439 1 0.842705011 0.014245432 0.033937532
LEONE-SLL 0.000582417 0.006114534 0.011662477 0.069375925 1.186654806 1 0.01690441 0.040272135
LIBERIA DOLLAR-LRD 0.034453541 0.361712307 0.689907312 4.104012966 70.19794464 59.15615845 1 2.382344961
NAIRA-NGN 0.01446203 0.151830375 0.2895917 1.722677946 29.46590233 24.83106422 0.419754505 1

Historical Cross Rates




Extract of economic data in ECOWAS countries published by WAMA