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Central banks to set up fund backing travellers cheques

    ABIDJAN

    West African central banks have decided for set up a credit fund between now and January 2000 to guarantee the ECOWAS travellers cheques introduced on 1 July for the citizens of the 16 member countries. The fund is being set up by the central banks of ECOWAS and the Agence Monetaire Ouest-Africaine (AMAO) countries, ECOWAS said.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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