Bank of Central African States
|Governor||Lucas Abaga Nchama|
|Central bank of||Economic and Monetary Community of Central Africa|
Central African CFA franc|
XAF (ISO 4217)
|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
- 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
- "Le Gabonais Philibert Andzembe, nouveau gouverneur de la BEAC", Panapress (Grioo.com), July 6, 2007 (French).
- Gabon 'siphoned funds' to France Al Jazeera