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Bank of Central African States (BEAC): Economic and Monetary Community of Central Bank

05-MAY-2016 17:50

    The Bank of Central African States (BEAC) is a form of the Economic and Monetary Community of Central Bank founded to serves six central African countries (Cameroon, Central African Republic, Chad, Equatorial Guinea, Gabon, and Republic of the Congo). It was established in 1972 with the official name 'Banque des Etats de l'Afrique Centrale (BEAC)'.
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    Its keys responsibility area is to act as a central bank for six central African Countries to overseeing the monetary system and issuing currency. BEAC's official currency is the Central African CFA franc, which had an exchange rate that was formerly fixed to the French franc but is now fixed to the euro.

    Headquarters

    Yaoundé, Cameroon

    Established

    1972



    Central bank of

    Economic and Monetary Community of Central Africa

    Currency

    Central African CFA franc
    XAF (ISO 4217)

    Preceded by

    Banque Centrale des Etats de l'Afrique Equatoriale et du Cameroun

    Official Language

    French

    Its keys responsibility area is to act as a central bank for six central African Countries to overseeing the monetary system and issuing currency. BEAC's official currency is the Central African CFA franc, which had an exchange rate that was formerly fixed to the French franc but is now fixed to the euro.

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    DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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