foreign exchange control in most West African countries is is enforced by the
Answer Details
Foreign exchange control in most West African countries is enforced by the Central Banks.
Central Banks are the institutions responsible for regulating and supervising the financial system in a country, including the management of its currency. As part of their role, Central Banks often implement foreign exchange controls, which are rules and regulations that restrict or limit the buying and selling of foreign currencies by individuals and businesses.
These controls are typically put in place to maintain stability in the country's financial system, prevent capital flight, and manage the balance of payments. In West African countries, the Central Banks are the primary institutions responsible for enforcing these controls, rather than development banks, merchant banks, or the ministry of economic planning.