Directory

West African Monetary Agency

Address

11&13 Ecowas Street, Freetown, Sierra Leone

Telephone

(022) 227332

Fax

(022) 223943

E-mail

Website

http://www.wama-amao.org/

Visited

41

The Agency is concerned with monetary co-operations and payment issues within the context of economic and monetary integration process of the region and therefore has the following objectives:

- Promotion and use of national currencies for regional trade and transactions

- Bringing about savings in the use of foreign reserves for member states

- Encouraging and promoting trade and exchange liberalization

- Enhancing monetary cooperation and consultation among member states

- Facilitating the harmonization and coordination of monetary and fiscal policies and structural adjustment programmes

- Ensuring the monitoring, coordination & implementation of ECOWAS monetary cooperation programme

- Encouraging & promoting the application of market determined exchange & interest rates for intra-regional trade

- Initiating policies and programmes on monetary integration and cross border investments that will lead to a single monetary zone in West Africa.