West African Economic and Monetary Union (UEMOA)

West African Economic and Monetary Union (UEMOA),

Definition of West African Economic and Monetary Union (UEMOA):

1. A trade zone agreement between Benin, Burkina Faso, Cote dIvoire, Guinea-Bissau, Mali, ■■■■■, Senegal and Togo formed to encourage internal development, improve trade deficits, establish uniform tariffs for goods imported from non-member nations, establish a regional stock exchange and a regional banking system. Formerly called the West African Monetary Union.