West African Unit of Account
WAUA | |
|---|---|
| ISO 4217 | |
| Code | None |
| Unit | |
| Unit | WAUA |
| Demographics | |
| Date of introduction | 1975 (under WACH); administered by WAMA since 1996 |
| User(s) | |
| Issuance | |
| Central bank | West African Monetary Agency (WAMA) |
| Website | amao-wama |
| Valuation | |
| Pegged with | SDR (1:1) |
WAUA is defined by WAMA as equal to the IMF SDR. | |
The West African Unit of Account (WAUA) is an artificial unit of account used within the ECOWAS monetary cooperation framework, primarily for multilateral clearing and settlement among member central banks. It was introduced under the former West African Clearing House (WACH) and is administered by the West African Monetary Agency (WAMA), which succeeded WACH in 1996.
WAMA states that 1 WAUA is equivalent to 1 SDR, making WAUA’s valuation anchored to the IMF’s SDR valuation framework.