Banque des Etats de l'Afrique centrale (BEAC)
Bank of the Central African States
1972-11-22 Brazzaville Congo Brazzaville
22-23 Nov 1972, Brazzaville (Congo Brazzaville), on the setting up of E-XD6441 - Union monétaire de l'Afrique centrale (UMAC) and the signature of Conventions between the initial 5 African founding partners and between them and France. Continues the activities of H-XH0385 - Banque centrale des Etats de l'Afrique équatoriale et du Cameroun (BCEAC), formed 4 Apr 1959, and itself a continuation of Issuing Institute of Equatorial Africa and Cameroon -- Institut d'émission de l'Afrique équatoriale et du Cameroun, set up 15 Jul 1955, Paris (France). Commenced operations 2 Apr 1973, Brazzaville, on signature of Convention for Monetary Cooperation by the Governments of France and Cameroon, Central African Republic, Chad, Congo, Gabon. Central Services and General Direction transferred, 1 Jan 1977, from Paris to Yaoundé (Cameroon). Equatorial Guinea adhered to BEAC, 1 Jan 1985. Currently a principal organ of F-XF3714 - Communauté économique et monétaire d'Afrique centrale (CEMAC), set up 16 Mar 1994.
Act as exclusive issuing house for notes and coins for circulation within member states, devise monetary policy, supervise its execution, monitor compliance by the banks with the banking and credit regulations and assist the banks and financial establishments of member states and their governments; contribute to financing of infrastructure and communal facilities.
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Comité Ministériel; Administrative Council; Governing Body; College of Censors; Committee of 5 members (one for Cameroon, 2 for France, 2 for Gabon). Central Directions (9); National Directions (7); National Monitoring Committee in each member state. Serves as secretariat for E-XE3882 - Union économique de l'Afrique centrale (UEAC).
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UN Sustainable Development Goals **
UIA Org ID
** UN SDGs are linked to the subject classification.
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