Bank of Central African States
Headquarters of the BEAC
Headquarters of the BEAC
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Headquarters | Yaoundé, Cameroon |
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Established | 1972 |
Governor | Lucas Abaga Nchama[1] |
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 |
Website | www.beac.int |
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:
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.[2]
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.[3]
See also
- Banque Centrale des États de l'Afrique de l'Ouest (BCEAO)
- Central banks and currencies of Africa
- CFA Franc
- Central African CFA franc
- Economy of Africa
- Economy of the Central African Republic
- Economy of Cameroon
- Economy of Chad
- Economy of the Republic of the Congo
- Economy of Equatorial Guinea
- Economy of Gabon
References
- ↑ http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAI2ENyyHBrU
- ↑ "Le Gabonais Philibert Andzembe, nouveau gouverneur de la BEAC", Panapress (Grioo.com), July 6, 2007 (French).
- ↑ Gabon 'siphoned funds' to France Al Jazeera
External links
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- Articles with French-language external links
- Pages with broken file links
- Articles containing French-language text
- Central banks
- Economy of the Central African Republic
- Economy of Cameroon
- Economy of Chad
- Economy of the Republic of the Congo
- Economy of Equatorial Guinea
- Economy of Gabon
- Banks of the Central African Republic
- Banks of Cameroon
- Banks of Chad
- Banks of the Republic of the Congo
- Banks of Equatorial Guinea
- Banks of Gabon
- Banks established in 1972
- Cameroon–Central African Republic relations
- Central African Republic–Chad relations
- Cameroon–Chad relations
- Cameroon–Equatorial Guinea relations
- Central African Republic–Republic of the Congo relations
- Cameroon–Gabon relations
- Cameroon–Republic of the Congo relations
- African bank stubs