Central Banks

Provides information about Seigniorage and institutions of the global financial system with specialization on Central Banks (listed in their respective national language).

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The tasks of the ESCB and of the Eurosystem are laid down in the Treaty establishing the European Community. They are specified in the Statute of the European System of Central Banks (ESCB) and of the European Central Bank (ECB). The Statute is a protocol attached to the Treaty. The Treaty text refers to the ‘ESCB' rather than to the 'Eurosystem'. It was drawn up on the premise that eventually all EU Member States will adopt the euro. Until then, the Eurosystem will carry out the tasks. "The primary objective of the ESCB shall be to maintain price stability". And: "without prejudice to the objective of price stability, the ESCB shall support the general economic policies in the Community with a view to contributing to the achievement of the objectives of the Community as laid down in Article 2." (Treaty article 105.1) The objectives of the Union (Article 2 of the Treaty on European Union) are a high level of employment and sustainable and non-inflationary growth.

The West African Monetary Union is characterised by the recognition of a common monetary unit , the Franc of the African Financial Community (CFA F), which is issued by the Central Bank of West African States (BCEAO). WAMU currently comprises : Benin, Burkina Faso, Guinea Bissau, Côte d'Ivoire, Mali, Niger, Senegal and Togo.

The Central bank of Central African States WAMU currently comprises : Cameroon, Congo, Gabon, Equatorial Guinea and Chad.