• Short Summary

    DELEGATES FROM THE SEVEN MEMBER COUNTRIES OF THE WEST AFRICAN CENTRAL BANK MET IN NOUAKCHOTT LAST WEEK.

  • Description

    DELEGATES FROM THE SEVEN MEMBER COUNTRIES OF THE WEST AFRICAN CENTRAL BANK MET IN NOUAKCHOTT LAST WEEK. M. GARANGO TIEMOKO MARC, FINANCE MINISTER OF MAURITANIA, THE HOST COUNTRY, PRESIDED OVER THE MEETING.

    THE MEMBERS OF THE WEST AFRICAN CENTRAL BANK ARE TOGO, IVORY COAST, SENEGAL, NIGER, MAURITANIA, UPPER VOLTA AND DAHOMEY. A FRENCH DELEGATION WAS THERE AS OBSERVERS. THEY ARE HEAVILY FINANCIALLY COMMITTED IN WEST AFRICA.

    AT THE MEETING IT WAS DECIDED TO KEEP THE BANK'S BASIC LENDING RATES UNCHANGED. THE BANK IS ISSUING INSTITUTE OF THE WEST AFRICAN MONETARY UNION.

    THE BANK ANNOUNCED THAT IT HAD MADE ARRANGEMENTS TO MAINTAIN THE UNIFORMITY OF EXCHANGE RULES PROVIDED IN THE MONETARY UNION TREATY.

    IT WAS REPORTED THAT THE CREDIT POLICY ADOPTED BY THE BANK AND APPLAID BY NATIONAL MONETARY COMMITTEES HAD PREVENTED ANY EXCESSIVE REPERCUSSIONS OF OUTSIDE MONETARY EVENTS, WITHOUT HINDERING THE FINANCING OF AFRICAN ECONOMIC NEEDS.

  • Tags

  • Data

    Film ID:
    VLVADW8K1PHVJ3F4JWJUSV5YNR4EW
    Media URN:
    VLVADW8K1PHVJ3F4JWJUSV5YNR4EW
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    11/06/1969
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:16:00
    Time in/Out:
    /
    Canister:
    N/A

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