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Topic: Bank of Central African States


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In the News (Fri 17 Feb 12)

  
  EH.Net Encyclopedia: Monetary Unions
Although some sources extend the definition to include the monetary regimes of national federations such as the United States or of imperial agglomerations such as the old Austro-Hungarian Empire, the conventional practice is to limit the term to agreements among units that are recognized as fully sovereign states under international law.
The antithesis of a monetary union, of course, is a national currency with an independent central bank and a floating exchange rate.
The idea of monetary union among sovereign states was widely promoted in the nineteenth century, mainly in Europe, despite the fact that most national currencies were already tied together closely by the fixed exchange rates of the classical gold standard.
www.eh.net /encyclopedia/?article=cohen.monetary.unions   (3062 words)

  
 [No title]
The central bank was closed to the public in January 1994 due to a shortage of banknotes.
The banks are supervised on a consolidated basis founded on an examination of a set of ratios known as "ratios de prudence." The commercial banks are required to send their financial statement to the central bank monthly.
The central bank, the Ministry of Finance, and the financial sectors are actively pursuing the establishment of financial institutions and markets, such as quasi-governmental bills, debentures, and bonds, government Treasury bills, and negotiable certificates of deposit.
www.ita.doc.gov /media/Publications/text/africa2001FINAL.txt   (20440 words)

  
 Central African Republic (08/05)
The Central African Republic maintains an embassy in the United States at 1618-22nd Street, NW, Washington, DC (tel: 202-483-7800/01, fax: 202-332-9893).
The Central African Republic is classified as one of the world's least developed countries, with an annual per capita income of $260 (2002).
The World Bank and IMF are now encouraging the government to concentrate exclusively on implementing much-needed economic reforms to jumpstart the economy and defining its fundamental priorities with the aim of alleviating poverty.
www.state.gov /r/pa/ei/bgn/4007.htm   (3764 words)

  
 Banks and Financial Institutions - African Business Guide (Business Reference Services, Library of Congress)
The Committee of Central Bank Governors was established in August 1995 as part of the Finance and Investment Sector of SADC.
The main mission of the Bank is to act as a tool for contri- contributing towards the socio-economic development of its Member States through promoting intra-COMESA trade and the economic integration of the COMESA sub-region.
The West African Monetary Union is characterised by the recognition of a common monetary unit, the Franc of the African Financial Community (CFA F), which is issued by the Central Bank of West African States (BCEAO).
www.loc.gov /rr/business/african/banks.html   (620 words)

  
 Africa - Coins of Central African Republic
The Central African Republic along with Cameroon, Chad, Congo, Equatorial Guinea and Gabon is a member of the Central African States.
The Bank of the Central African States issues (or has issued) coins of denominations 500 Francs down to 1 Franc and these are for use in any of the countries in CEMAC.
The pieces with the letter “B” were the ones first issued in C.A.R. The Central African States evolved from the Equatorial African States and the coins of the Equatorial African States were widely used in C.A.R. and are dated 1958 to 1973.
www.wbcc.fsnet.co.uk /af-car.htm   (415 words)

  
 Foreign & Commonwealth Office Country Profiles
After several days of fighting, and with the intervention of Jean-Pierre Bemba’s MLC troops from the neighbouring Democratic Republic of Congo, the rebel troops were forced to retreat to the north of the country, from where they launched their successful assault in March.
Libyan and MLC troops have left the CAR, while the peacekeeping force from the Central African Economic and Monetary Community (CEMAC) deployed to Bangui in December 2002 is still present, reinforced by Chadian forces.
Central African Republic is a member of the Central African Economic and Monetary Community (CEMAC), along with Cameroon, Chad, Equatorial Guinea, Gabon and Congo-Brazzaville.
www.fco.gov.uk /servlet/Front?pagename=OpenMarket/Xcelerate/ShowPage&c=Page&cid=1007029394365&a=KCountryProfile&aid=1019661595190   (2472 words)

  
 Africa - Coins of Central African States
The current coins of the Central Afrcian States are those issued by the Bank of Central African States (Banque des Etats de l'Afrique Centrale (BEAC)) and circulated in the member countries of the Central African Economic and Monetary Community (CEMAC).
The CFA Franc Central and the CFA Franc West (the Franc of the denomination of the West African States’ coins) are both backed by the French Treasury and fixed to the French Franc at a rate of 100 CFA Francs = 1 French Franc, with therefore, a fixed rate 665.957 CFA Francs to 1 Euro.
The CFA Franc Central and the CFA Franc West are equal in value to the French Franc but, the coins and papermoney of these two varieties of the CFA Franc are only legal tender in their respective regions.
www.wbcc.fsnet.co.uk /af-cas.htm   (1106 words)

  
 globalEDGE (TM) | country insights - Overview of Central African Rep.   (Site not responding. Last check: 2007-10-14)
The former French colony of Ubangi-Shari became the Central African Republic upon independence in 1960.
Bank of Central African States is the central bank for Gabon, Equatorial Guinea, Cameroon, Central African Republic, Chad, and Congo.
The website provides statistics and information on each country and contact information for directors of central banks within each country.
globaledge.msu.edu /ibrd/CountryIntro.asp?CountryID=85&RegionID=5   (287 words)

  
 The Library Network - Special Collections - Central Bank Annual Reports   (Site not responding. Last check: 2007-10-14)
Under each country's name is the name of the central bank, the title of its annual report, and the call number of the report.
Central Banking Publications Ltd. A financial publishing company that specializes in reporting on central banks and financial regulation.
EMEAP (Executives' Meeting of East Asia-Pacific Central Banks), EMEAP is a cooperative organization of central banks and monetary authorities in the East Asia and Pacific region.
jolis.worldbankimflib.org /Special/annualre.htm   (798 words)

  
 Glossary B Terms
Banker's Bank - A bank that is established by mutual consent by independent and unaffiliated banks to provide a clearinghouse for financial transactions.
Bank of Central African States - "The bank (French: Banque des Etats de l'Afrique Central, BEAC) issues a common currency unit, the Central African Franc.
Bank Release - Negotiable time draft drawn on and accepted by a bank which adds its credit to that of an importer of merchandise.
www.bawtc.com /glossary_b.asp?PartnerID=   (2127 words)

  
 Introduction to World Statesmen
This site is an encyclopedia of the heads of state and heads of government (and, in certain cases, de facto leaders occupying neither of those formal positions) of all countries and territories of the world.
John DaGraca author of "Heads of State and Government", Jaume Olle, Daniel Trigaux, the reference staffs at the U.S. Library of Congress, Virginia Arlington County Library, and University of Connecticut Homer Babbige Library, in addition to the many contributors cited in the Contributors page.
Taifa (Spanish): The ruler of a state, especially one of the post-Abbassid successor states in Moslem Spain.
www.worldstatesmen.org /INTRO.html   (4597 words)

  
 U.S. Commercial Service West Africa: Explore West & Central Africa
Lomé Convention is a trade and aid agreement between the European Union and 46 of Europe's former colonies and dependencies in Africa, the Pacific and the Caribbean.
The African Development Bank (AfDB) is a regional, multilateral development bank whose shareholders include 53 countries in Africa and 24 non-African countries from the Americas, Asia, and Europe.
The Bank was created in 1964, and began operations in 1967 to promote economic development and social progress of its regional member countries (RMCs)—individually and jointly.
www.buyusa.gov /westafrica/en/79.html   (1326 words)

  
 History of the CFA Franc   (Site not responding. Last check: 2007-10-14)
Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad which form the Central Africa Economic and Monetary Community (CEMAC), whose common central bank is the Bank of Central African States (BEAC).
The CFA Franc was created on December 26, 1945, the day when France ratified the Bretton Woods agreement and made its first declaration of parity to the IMF.
Nowaday, the denomination CFA Franc means franc de la Communauté Financière d'Afrique (franc of the African Financial Community) for WAEMU member States, and franc de la Coopération Financière en Afrique Centrale (franc of Financial Cooperation in Central Africa) for countries belonging to the BEAC area.
www.bceao.int /internet/bcweb.nsf/pages/umuse1   (300 words)

  
 CIA - The World Factbook -- Field Listing - Currency   (Site not responding. Last check: 2007-10-14)
Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States
Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States
Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States; previously the Guinea-Bissau peso (GWP) was used
hinezumilabs.org /factbook/fields/2065.html   (932 words)

  
 CBP REGIONAL PARTNER INSTITUTIONS: PÔLE-DETTE
The Debt Management training project was created in order to provide a solution to the difficulties encountered by several countries in the management of their public finances, and in particular regarding the implementation of consistent and sustainable policies designed to assist them in finding a reliable debt commitment.
Pôle-Dette's activities are principally targeted at Franc Zone Member States that belong to the CBWAS and the BCAS.
These countries are Benin, Burkina Faso, Cameroon, the Central African Republic, Chad, Congo, Côte d'Ivoire, Equatorial Guinea, Gabon, Guinea Bissau, Mali, Niger, Senegal and Togo.
www.dri.org.uk /pages/poldet_en.html   (1029 words)

  
 Worldwide Central Bank List   (Site not responding. Last check: 2007-10-14)
Central African Republic: Bank of Central African States
Iran: The Central Bank of the Islamic Republic of Iran
San Marino: Central Bank of the Republic of San Marino
www.excellent-credit-cards.com /worldwide-central-bank-list.html   (336 words)

  
 Concern about World Bank Policy in Central African Rainforest
Bank to modify its own lending activities so that they would no longer
for the tropical forests for the Bank to withdraw lending for logging is
With regards to the Central African rainforest, one of the
forests.org /archive/africa/congconc.htm   (1505 words)

  
 Central African Republic -History and Photo Catalog of World Paper Money   (Site not responding. Last check: 2007-10-14)
1960-1974 in monetary union Equatorial African States, later in 1974 changed name to Central African States.
Banknotes issued between 1974 and 1992 by Bank of Central African States had common designs and carry full country name and are listed below.
No part of our web site publication may be used, reproduced or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or stored in any retrieval system of any nature, without our prior written permission.
www.atsnotes.com /catalog/car/car.html   (185 words)

  
 Other links - Central Banks
Banque Centrale des Etats de l'Afrique de l'Ouest
The Central Bank of the Islamic Republic of Iran
Central Bank and Financial Services Authority of Ireland
www.bdl.gov.lb /otherlnks/cblinks.htm   (147 words)

  
 Central Bank of West African States Selects Xpress as Their Infrastructure Management Platform
HighStreet Networks, a leader in next generation network management solutions, today announced that it has delivered the latest version of Xpress(TM) to BCEAO (Central Bank of West African States) for management and control their entire computing infrastructure.
Full redundancy is provided with the addition of a back-up Xpress(TM) server at the central site able to take over monitoring and control of any other servers that may become unavailable.
Besides the sole right of monetary signs issue which it enjoys throughout the member states of the Union, the Central Bank is responsible for:
www.tmcnet.com /usubmit/2005/Jan/1106702.htm   (920 words)

  
 Central African Republic Country Guide - Money - World Travel Guide Provided By Columbus Travel Publishing
Central African Republic Country Guide - Money - World Travel Guide Provided By Columbus Travel Publishing
The Central African Republic is part of the French Monetary Area.
Only currency issued by the Banque des Etats de l’Afrique Centrale (Bank of Central African States) is valid; currency issued by the Banque des Etats de l’Afrique de l’Ouest (Bank of West African States) is not.
www.worldtravelguide.net /data/caf/caf050.asp?RegionsMenu=Down   (237 words)

  
 Press Release: IMF Approves European Central Bank Application to Become a Holder of Special Drawing Rights
The International Monetary Fund (IMF) approved today the European Central Bank’s (ECB) application to become a prescribed holder of Special Drawings Rights (SDRs), a reserve asset issued by the Fund.
The IMF’s Articles of Agreement provide for the possibility to prescribe as other holders of SDRs—that is, other than IMF members—certain types of official organizations, including institutions that perform the functions of a central bank for more than one IMF member country.
A prescribed holder may acquire and use SDRs in exchange for an equivalent amount of a monetary asset, other than gold, in transactions and operations with any other prescribed holder and with any of the IMF’s members.
www.imf.org /external/np/sec/pr/2000/pr0059.htm   (239 words)

  
 ipedia.com: CFA franc Article   (Site not responding. Last check: 2007-10-14)
The CFA franc, is a currency used in fourteen formerly French -ruled African countries.
The Communauté financière africaine franc, or CFA franc BCEAO (Central Bank of West African States), for the 8 countries of the West African Economic and Monetary Union (UEMOA):
The Coopération financière en Afrique centrale franc, or CFA franc BEAC (Central Bank of Central African States), for the 6 countries of the Central African Economic and Monetary Community (CEMAC):
www.ipedia.com /cfa_franc.html   (400 words)

  
 The World Factbook 2004 -- Central African Republic
Central Africa, north of Democratic Republic of the Congo
Subsistence agriculture, together with forestry, remains the backbone of the economy of the Central African Republic (CAR), with more than 70% of the population living in outlying areas.
Central African Armed Forces (FACA): Republican Guard, Ground Forces, Naval Forces, Air Force
www.brainyatlas.com /geos/ct.html   (929 words)

  
 Mark Bernkopf's TreasuryNet   (Site not responding. Last check: 2007-10-14)
Central Bank of the People's Republic of Banglasdesh
Central Bank of the Turkish Republic of Northern Cyprus
Mark Bernkopf's TreasuryNet, Central Bank Central, treasury.net, and Central Banking Resource Center are trademarks of Mark Bernkopf.
www.treasury.net   (105 words)

  
 [No title]   (Site not responding. Last check: 2007-10-14)
Central American Bank for Economic Integration (established - 13 December 1960)
Members - (9) Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, France, Gabon, Germany, Kuwait.
Aim - to promote cooperation among central banks in international financial settlements.
www.chez.com /vips/orgeb.htm   (309 words)

  
 Central bank payment system information   (Site not responding. Last check: 2007-10-14)
Dates in brackets refer to the year of publication.
Central bank webpages dedicated exclusively to central bank payment systems and/or related regional payment system initiatives or central bank pages that include payment system information together with information on other areas.
Guideline Related to Bank of Canada Oversight Activities under the Payment Clearing and Settlement Act)
www.bis.org /cpss/paysysinfo.htm   (148 words)

  
 International Compliance Association
Russia - Central Bank of the Russian Federation
Sierra Leone - Central Bank of Sierra Leone
Solomon Islands - Central Bank of the Solomon Islands
www.int-comp.org /doc.asp?doc=6640&CAT=649   (790 words)

  
 GeographyIQ - World Atlas - Africa - Central African Republic - Foreign Relations
World > Africa > Central African Republic> Foreign Relations (Notes)
Portions of this site are based on public domain works from the U.S. Dept. of State and the CIA World Fact Book
For comments and feedback, write to us at info@GeographyIQ.com.
www.geographyiq.com /countries/ct/Central_African_Republic_relations_summary.htm   (295 words)

  
 CIA - The World Factbook - Appendix B   (Site not responding. Last check: 2007-10-14)
aim - to achieve greater unity among African States; to defend states' integrity and independence; to accelerate political, social, and economic integration; to encourage international cooperation; to promote democratic principles and institutions
traditionally the Marxist-Leninist states with authoritarian governments and command economies based on the Soviet model; most of the original and the successor states are no longer Communist; see centrally planned economies
aim - to promote cooperation among the Baltic Sea states in the areas of aid to new democratic institutions, economic development, humanitarian aid, energy and the environment, cultural programs and education, and transportation and communication
www.phatnav.com /factbook/appendix/appendix-b.html   (4373 words)

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