- Bank of Central African States
Bank of Central African States
Banque des États de l'Afrique Centrale (BEAC) (French)
Headquarters Yaoundé, Cameroon Established 1972 President Lucas Abaga Nchama Central bank of Economic and Monetary Community of Central Africa Currency Central African CFA franc ISO 4217 Code XAF Website www.beac.int Preceded by Banque Centrale des Etats de l'Afrique Equatoriale et du Cameroun
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.
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.
- Banque Centrale des États de l'Afrique de l'Ouest (BCEAO)
- Central banks and currencies of Africa
- CFA Franc
- JFPI Corporation
- 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
- ^ 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
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