What were the functions of west African currency board?

The West African Currency Board was established to manage the currency in the British West African colonies, ensuring stability and facilitating trade. Its primary functions included issuing banknotes, maintaining currency reserves, and regulating the money supply to support economic activity. Additionally, it aimed to promote monetary stability and confidence in the currency, which was crucial for both local economies and colonial interests. Overall, the board played a vital role in the financial infrastructure of West Africa during the colonial period.