• 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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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…

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Exchange Rates

Exchange rates as of 24-11-2017

Currency UCAO/WAUA USD GBP EURO
CEDI-GHS 6.212819099 4.403600216 5.834564209 5.17381382
DALASI-GMD 66.6051178 47.20921326 62.54999924 55.466362
ESCUDO-CVE 132.4144287 93.85435486 124.3526382 110.269996
FCFA-XOF 787.6862793 558.3062134 739.7296143 655.956970
FRANC GUINEEN-GNF 12697.72656 9000.053711 11924.65137 10574.2128
LIBERIA DOLLAR-LRD 176.3491974 124.9950027 165.6125336 146.857315
LEONE-SLL 10606.36133 7517.709961 9960.614258 8832.59863
NAIRA-NGN 430.8030396 305.3500061 404.5744934 358.757385
EURO 1.200819969 0.843720019 1.121430039 1
GREAT BRITISH POUND-GBP 1.064829946 0.75237 1 0.89171862
US DOLLAR-USD 1.410850048 1 1.329133272 1.18522727
WAUA-UCAO 1 0.708792567 0.939117014 0.83276426

Historical Rates

WAMA currency converter
 


Cross Rates

Exchange rates as of 24-11-2017

Currency GHS GMD CVE XOF GNF SLL LRD NGN
CEDI-GHS 1 10.72059536 21.31309891 126.7840347 2043.794678 1707.173706 28.38473129 69.34099579
DALASI-GMD 0.093278408 1 1.988051772 11.82621288 190.6419067 159.2424316 2.647682428 6.468017101
ESCUDO-CVE 0.046919506 0.503005028 1 5.948644161 95.89382935 80.0997467 1.331797481 3.253445148
FCFA-XOF 0.007887429 0.084557921 0.168105528 1 16.12028313 13.46520996 0.223882526 0.546922088
FRANC GUINEEN-GNF 0.000489286 0.005245436 0.0104282 0.06203365 1 0.835296094 0.01388825 0.033927575
LEONE-SLL 0.000585763 0.006279733 0.012484435 0.074265458 1.197180271 1 0.016626738 0.040617421
LIBERIA DOLLAR-LRD 0.035230208 0.377688795 0.750864923 4.466628075 72.00331116 60.14408493 1 2.442897797
NAIRA-NGN 0.014421484 0.154606879 0.30736649 1.828413963 29.47455025 24.61997795 0.409349918 1

Historical Cross Rates




Extract of economic data in ECOWAS countries published by WAMA