Banque des Etats de l'Afrique centrale (BEAC)

Bank of the Central African States

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Contact Details

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History

22-23 Nov 1972, Brazzaville (Congo Brazzaville), on the setting up of Central African Monetary Union (CAMU) and the signature of Conventions between the initial 5 African founding partners and between them and France. Continues the activities of Central Bank of the States of Equatorial Africa and Cameroon (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 July 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 Central Africa Economic and Monetary Community (CAEMC), set up 16 Mar 1994.

Aims

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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Structure

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Languages

Arabic, English, French, Spanish.

Staff

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Financing

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Relations with Inter-Governmental Organizations

Relations with 22 inter-governmental organizations.
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Relations with Non-Governmental Organizations

Relations with 3 non-governmental organizations.
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Publications

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Members

Members in 7 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Commerce
    • Banking
    • Currency
  • Government
    • Nation State

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic GrowthGOAL 10: Reduced InequalityGOAL 16: Peace and Justice Strong Institutions

UIA Org ID

F4535

Last News Received

30. Sep 2016
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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