Comité monétaire de la Zone franc
Monetary Committee of the Franc Zone
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5 Feb 1952, Paris (France), by French ministerial decree no 52-154, following the creation of a technical committee in 1951.
Improve monetary cooperation between France and the African countries of the Zone franc.Available with paid subscription only.
The Zone franc, originally established in 1939 on a provisional basis, includes the countries of Central Bank of the West African States (BCEAO) and Bank of the Central African States (BEAC) as well as France, its overseas territories and Comoros. Local currencies continue to exist within the Zone, but are freely convertible with fixed parity levels. Operations carried out by the central bank of each member country are registered in the treasury records of the reference country, which guarantees unlimited convertibility to the issues of these banks. The issuing institutions each directly manages a float of foreign currency and converts the balance into the reference currency.
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Members in 16 countries
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Type I ClassificationAvailable with paid subscription only.
Type II ClassificationAvailable with paid subscription only.
UN Sustainable Development Goals **
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** UN SDGs are linked to the subject classification.
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