Regulatory

WAEMU (West African Economic and Monetary Union)

West African Economic and Monetary Union (WAEMU)

Economic and monetary union of 8 West African countries sharing the CFA Franc (XOF).

WAEMU includes: Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo. These countries share the CFA Franc (XOF) with a fixed rate to the Euro (1€ = 655.957 XOF).

Related terms

OHADA (Organization for Harmonization of Business Law in Africa)SYSCOHADA (OHADA Accounting System)VAT (Value Added Tax)
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