Bank of Central African States

Brief History

Established in November 1972 to take over the activities of the Banque Centrale de l’Afrique Equatoriale et du Cameroun (established in 1955) under the Conventions on Monetary Cooperation, signed by the six members states. It is a central bank with the sole right of note issue to the member states of the monetary union: Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea, and Gabon. The bank’s main objective is to guarantee the stability of the currency. Its other

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