Central African Economic and Monetary Community

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Central African Economic and Monetary Community
CEMAC
 

States of the CEMAC
French name Communauté Économique et Monétaire de l'Afrique Centrale
Organization type Regional cooperation, monetary union
Seat of the organs Bangui , Central African Republic
Central African RepublicCentral African Republic 
Chair President of the Community Idriss Déby President of the Commission Daniel Ona Ondo
ChadChad

GabonGabon
Member States 6 :
Official and working languages
surface 3.02 million km²
population 44.1 million
Population density 14.6 inhabitants per km²
founding

March 16, 1994
(Treaty of Ndjamena)

Currencies

CFA franc BEAC

cemac.int

The Central African Economic and Monetary Community ( French: Communauté Économique et Monétaire de l'Afrique Centrale , abbreviated to CEMAC ) is an amalgamation of six Central African countries that was agreed in 1994 by the Central African Customs and Economic Union (UDEAC) and came into force in 1999 . Their common currency is the CFA franc BEAC , their central bank is the Central African Central Bank (BEAC), headquartered in Yaoundé , Cameroon .

Memberships in organizations

The monetary community borders on the West African Economic and Monetary Union (UEMOA). All member states of CEMAC are also members of the Central African Economic Community (CEEAC).

Member States

Members of the Central African Economic and Monetary Community are:

Organs and bodies

  • Monetary Union in Central Africa
  • The Economic Union in Central Africa
  • The Conference of Heads of State or Government to Define Community Policy
  • The Council of Ministers
  • The Executive Secretariat based in Bangui (Central African Republic)
  • The Central African Central Bank (BCEAO), based in Yaoundé (Cameroon), to define and implement monetary policy
  • The Central African Development Bank (BDEAC), based in Brazzaville (Congo)
  • The Community Court of Justice will be installed in N'Djamena (Chad)
  • The Central Africa Financial Markets Committee (COSUMAF) based in Gabon

See also

Web links