Established 1972 Website www.beac.int | Governor Abbas Mahamat Tolli Headquarters Yaoundé | |
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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 Founded 22 November 1972, Paris, France | ||
Cemac zone to record a lower growth in 2016 says bank of central african states
The Bank of Central African States (French: Banque des États 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:
Contents
- Cemac zone to record a lower growth in 2016 says bank of central african states
- Central bank of central african states adopts measures to assist member countries
- References
Philibert Andzembe of Gabon was Governor of the BEAC from July 2007 until October 2009, when he was fired by the new president of Gabon, Ali Bongo, in response to a bank scandal in which $28.3 million went missing from the bank's Paris branch. Jean Félix Mamalepot, also from Gabon, was Governor for preceding 17 years.
In December 2010, a WikiLeaks memo dated July 7, 2009, said that Gabonese officials working for the Bank of Central African States stole US$36 million over a period of five years from the pooled reserves, giving much of the money to members of France’s two main political parties.