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Encyclopedia > Bank of Central African States
Bank of Central African States
Banque des Etats de l'Afrique Centrale (BEAC) (French)
Image:BEAC siege.jpg
Headquarters of the BEAC
Headquarters Yaounde, Cameroon
Established 1972
President Jean-Félix Mamalepot
Central Bank of Economic and Monetary Community of Central Africa
Currency Central African CFA franc
ISO 4217 Code XAF
Website www.beac.int
Preceded by Banque Centrale des Etats de l'Afrique Equatoriale et du Cameroun
BEAC is the central bank of the states in red.
BEAC is the central bank of the states in red.

The Bank of Central African States (French: Banque des Etats de l'Afrique Centrale, BEAC) is a central bank that serves six central African countries which form the Economic and Monetary Community of Central Africa: Categories: Africa geography stubs | Capitals in Africa | Cities in Cameroon ... States of CEMAC The Economic and Monetary Community of Central Africa (or CEMAC from its name in French, Communauté Économique et Monétaire de lAfrique Centrale) is an organization of states of Central Africa established to promote economic integration among countries that share a common currency, the CFA franc. ... ISO 4217 Code XAF User(s) Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, Gabon Pegged with euro = CFA655. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... A website (or Web site) is a collection of web pages, typically common to a particular domain name or subdomain on the World Wide Web on the Internet. ... modified version of Image:Africa-western-countries. ... modified version of Image:Africa-western-countries. ... States of CEMAC The Economic and Monetary Community of Central Africa (or CEMAC from its name in French, Communauté Économique et Monétaire de lAfrique Centrale) is an organization of states of Central Africa established to promote economic integration among countries that share a common currency, the CFA franc. ...

See also

Headquarters Dakar, Senegal Established 1961 President Charles Konan Banny Central Bank of West African Economic and Monetary Union Currency CFA franc ISO 4217 Code XOF Website www. ... Countries using CFA franc There are two African currency unions; the West African Banque Centrale des Etats de lAfrique de lOuest (BCEAO) and the Central African Banque des Etats de lAfrique Centrale (BEAC). ... now. ... ISO 4217 Code XAF User(s) Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, Gabon Pegged with euro = CFA655. ... The economy of Africa consists of the trade, industry, and resources of the peoples of Africa. ... Economy - overview: The Central African Republic is classified as one of the worlds least developed countries, with an annual per capita income of $310 (2000). ... For a quarter-century following independence, Cameroon was one of the most prosperous countries in Africa. ... Economy - overview: Landlocked Chads economic development suffers from its geographic remoteness, drought, lack of infrastructure, and political turmoil. ... This article or section does not cite its references or sources. ... // Economy overview The discovery and exploitation of large oil reserves have contributed to dramatic economic growth in recent years. ... Gabon enjoys a per capita income four times that of most nations of sub-Saharan Africa. ...

External links

  • (French) Banque des Etats de l'Afrique Centrale

  Results from FactBites:
 
EH.Net Encyclopedia: Monetary Unions (3062 words)
Although some sources extend the definition to include the monetary regimes of national federations such as the United States or of imperial agglomerations such as the old Austro-Hungarian Empire, the conventional practice is to limit the term to agreements among units that are recognized as fully sovereign states under international law.
The antithesis of a monetary union, of course, is a national currency with an independent central bank and a floating exchange rate.
The idea of monetary union among sovereign states was widely promoted in the nineteenth century, mainly in Europe, despite the fact that most national currencies were already tied together closely by the fixed exchange rates of the classical gold standard.
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