As a transtitional measure, WAMI shall carry out functions leading to the establishment of the WACB without prejudice to the responsibility of the competent authorities of the Member States to conduct their monetary policies.

The West African Monetary Institute (WAMI) established under the Agreement of the West African Monetary Zone shall perform its functions and carry out its activities in accordance with the WAMZ Agreement.
The members of the WAMI shall be the central banks of the Member States (National Central Banks).

The WAMI in collaboration with the Technical Committee shall have the responsibility of managing the stages of implementation of the WAMZ up to the commencement of the WACB.