The Bank of Central African States (French: Banque des Etats de l'Afrique Centrale, BEAC) is the central bank of six different countries in Central Africa. It was established in 1972 and is headquartered in Yaoundé, the capital of Cameroon. The current president is Jean Félix Mamalepot of Gabon. As the central bank of the Central African Economic and Monetary Community, the Bank of Central African States serves the following six countries:

• Central Africa
• Cameroon
• Chad
• Republic of Congo
• Equatorial Guinea
• Gabon

The common currency used by the above countries is the CFA franc.

History

In 1901, the Banque d'Afrique Occidentale (Banque d'Afrique Occidentale) was authorized to issue the CFA franc after the Banque du Sénégal (Banque du Sénégal).

In 1920, the Bank of West Africa's currency issuance rights were extended to French Equatorial Africa.

In 1959, the National Bank of Equatorial Africa and Cameroon (Banque Centrale des Etats de l'Afrique Equatoriale et du Cameroun, referred to as B.C.E.A.C.) was established.

On November 22, 1972, the Bank of Central African States was officially established in Paris, France.

In 1977, the headquarters was moved from Paris to Yaoundé.

In 1978, an African was appointed president and vice president for the first time.

In 1985, Equatorial Guinea joined the membership.

Headquarters Yaoundé Cameroon Established 1972 Governor Abbas Mahamat Tolli Central Bank Economic Community of Central African States Currency CFA Franc XAF (ISO 4217) Website www.beac.int