African Central Bank

The African Central Bank (English: African Central Bank, short ACB) is one of the three financial institutions of the African Union. It is intended to take over the responsibility for the African Monetary Fund.

The establishment of the African Central Bank, which will only be completed in 2028, was agreed in the Abuja Treaty in 1991. The Sirte Declaration of 1999 calls for an acceleration of this process with the creation of up to 2020.

Once it is settled in full by the Pan-African Parliament, the African Central Bank is the sole issuer of the African common currency will be Bank of African governments will be the parent bank for the African private and public banks will be responsible for the control and monitoring of the African banking sector Manage and official interest rates and exchange rates, coupled with African governments.