African Monetary Fund
From Infogalactic: the planetary knowledge core
Abbreviation | AMF |
---|---|
Type | Financial institution |
Legal status | Treaty |
Headquarters | Yaoundé, Cameroon |
Region
|
Africa |
Membership
|
54 member states |
Affiliations | African Union |
The Africa Monetary Fund will be an 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 future African Union. It will be based in Yaoundé, Cameroon.[1]
The bank envisages to have a paid up capital of $23 billion.[2]
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