Nowadays, African Monetary Fund is a topic that is present in the lives of many people. With the rapid advancement of technology and information, African Monetary Fund has become a point of interest for many people around the world. From its impact on society to its relevance on a personal level, African Monetary Fund has generated a great debate and has sparked the interest of experts in different fields. In this article, we will explore different aspects related to African Monetary Fund and analyze its importance today.

African financial institution

African Monetary Fund

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.

Proposed shareholding

The bank envisages to have a paid up capital of $23 billion.

References

1. ^ "The Financial Institutions". African Union. Archived from the original on 12 August 2014. Retrieved 28 July 2014.
2. ^ "Coming soon: $23b African Monetary Fund". The East African. 26 July 2014. Archived from the original on 31 July 2014. Retrieved 28 July 2014.

External links

• Draft Statute of the African Monetary Fund
• AU discussions on African Monetary Fund

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