AFRA Commission
The African Finance Regulatory Authority (AFRA) is the statutory body mandated by the legal instruments of the Treaty of the Heads of States and Government of the Organization of African Unity (OAU).
The African Star Treaty Alliance Group (ASTAG) declared by African Heads of States and Governments in 1990, was given the Mandate together with AFRA at the Fourth Extraordinary Session of the Sirte Declaration in Libya ,1999.
The mandate of the African Finance Regulatory Authority is guided by Article 19 of the OAU Constitutive Act, the 1991 Abuja Treaty as agreed by the Assembly of Member States for the Single AFRA Payments Area (SAPA), the Common Economic and Monetary Systems and the creation of the African Central Bank.
Agrippa Damba, is The Executive Governor of AFRA and The President of The African Central Bank.
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