Which of the following acted as the central bank for West African countries before their independence?
- The West African Clearing House
- The British Bank for West Africa
-
The West African Currency Board
- The African Development Bank
The correct answer is: C
Explanation
The West African Currency Board was established in October 1912 following the Report of a Departmental Committee set up by the Secretary of State to enquire into the currency in use in British West Africa. It served as a central bank for the member states