Product Description
SCWPM.P811TL - TBB.B116TL - Date: (20)02Grade: Unc - Signature: 31
Description: Colour: Yellow, brown, orange, blue, and pink. Front: French text; seven men storing peanuts in large sacks; head of young woman wearing headscarf.
Back: French text; penal code; linked carved figures of seated man and woman; mask; thatched roof storage bins on stilts above river; two women walking with wicker baskets on heads.
Solid security thread. - Material: paper.
Watermark: Young woman wearing headscarf.
Printer: (Banque de France). - Size: 150 x 80 mm.
More info:
The Banque Centrale des Etats de l’Afrique de l’Ouest (French: Central Bank of the West African States, BCEAO) was established 4 April 1959 by the government of France to provide a continuing
emissions authority for West African colonies soon to become independent. The BCEAO succeeded the Institut d’Emission de l’Afrique-Occidentale Française et du Togo which had taken over emissions responsibility from the Banque de l’Afrique Occidentale in 1955. The Banque de l’Afrique Occidentale had held responsibility for monetary emission in the area since 1903, when it succeeded the Banque du Senegal.
The BCEAO was intended to operate under the umbrella of the French-African Community (Communaute Franco-Africaine) which accompanied the formation of the Fifth French Republic in
1958. Several West African members, however, declined to ratify the community arrangement. Subsequent bilateral and multilateral agreements were negotiated which led in 1962 to the formation of the West African Monetary Union (UMOA). Of necessity, the BCEAO functioned as a de facto emissions authority from 1959 until 1962.
Since 1962 it has operated as a public multilateral entity under the UMOA. Its charter was revised in 1973 to provide greater African control over bank operations. Member countries are Benin, Burkina Faso, Cote d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. Mauritania was a member until 1972; Mali left the BCEAO in 1962 but rejoined in 1984. Guinea-Bissau joined in 1997. Guinea, which was part of the original French West Africa colonial grouping, opted out of the economic union from the outset. - For more information, visit www.bceao.int.
