Bank of Central African States
Logo of the BEAC Logo of the BEAC | |
Headquarters of the BEAC | |
Headquarters | Yaoundé, Cameroon |
---|---|
Established | 1972 |
Governor | Abbas Mahamat Tolli[1] |
Central bank of | Economic and Monetary Community of Central Africa |
Currency | Central African CFA franc XAF (ISO 4217) |
Reserves | 9 790 million USD[2] |
Preceded by | Banque Centrale des Etats de l'Afrique Equatoriale et du Cameroun |
Website | www.beac.int |
![](http://upload.wikimedia.org/wikipedia/commons/thumb/7/7f/Yaounde-BEAC.jpg/220px-Yaounde-BEAC.jpg)
![](http://upload.wikimedia.org/wikipedia/commons/thumb/c/c6/CFA_Franc_map.svg/300px-CFA_Franc_map.svg.png)
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:
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]
Governors
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.[4]
- Christian Joudiou (1973 - 1978) [5]
- Casimir Oyé-Mba (1978 - 1990) [5]
- Jean-Félix Mamalepot (1990 - April 2007) [5]
- Philibert Andzembe (July 2007- June 2008) [5]
- Lucas Abaga Nchama (2008- 2017)
- Abbas Mahamat Tolli (2017 - to date) [5]
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
- ^ https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAI2ENyyHBrU
- ^ https://d-nb.info/1138787981/34
- ^ Gabon 'siphoned funds' to France Al Jazeera
- ^ "Le Gabonais Philibert Andzembe, nouveau gouverneur de la BEAC", Panapress (Grioo.com), July 6, 2007 (in French).
- ^ a b c d e "Wayback Machine". February 16, 2010. Archived from the original on February 16, 2010.
External links
- 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