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West African Monetary Union CEMAC

Members:

Camerun, Chad, Republic of Congo, Gabon, Central African Republic, Equatorial Guinea
Updated 8/2003

This economic community of Central Africa, officially named 'Communante Economique et Monetaire de l'Afrique Centrale' has been grown out of a customs union founded on 8.12.1964. On the 23.11.1972 they have established a monetary union based on the Franc-CFA (Franc de Cooperation Financiere en Afrique Centrale). The convertibility of this currency is guaranteed by the State Bank of France, the exchange rate is fixed to the Euro. The Central Bank of Central Africa BEAC offers on their website further information.

 

Secretariat Executif de la CEMAC
BP 969, Bangui
Central African Republic
Tel.: 00236-61 13 59
Fax: 00236-61 21 35