African Monetary Fund
In today's world, African Monetary Fund has taken a fundamental role in our lives. Since its emergence, it has significantly impacted different aspects of our society, transforming the way we communicate, work, relate and even entertain ourselves. African Monetary Fund has been the subject of debate, controversy and admiration, generating conflicting opinions that reflect its importance and influence on our daily lives. In this article, we will explore different aspects related to African Monetary Fund, analyzing its impact and relevance in the contemporary world.
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| Abbreviation | AMF |
|---|---|
| Type | Financial institution |
| Legal status | Treaty |
| Headquarters | Yaoundé, Cameroon |
Region | Africa |
Membership | 55 member states |
| Affiliations | African Union |
The Africa Monetary Fund is a planned African Union financial institution, though in time its responsibilities will be transferred to the African Central Bank. This institution is one of the three financial institutions of the African Union. It will be based in Yaoundé, Cameroon.
The bank envisages to have a paid up capital of $23 billion.
References
- ^ "The Financial Institutions". African Union. Archived from the original on 12 August 2014. Retrieved 28 July 2014.
- ^ "Coming soon: $23b African Monetary Fund". The East African. 26 July 2014. Archived from the original on 31 July 2014. Retrieved 28 July 2014.
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