Bank of Central African States

(redirected from Banque des Etats de l'Afrique Centrale)

Bank of Central African States

The central bank of the Economic and Monetary Community of Central Africa. It issues the Central African CFA franc, which circulates in Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo.
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This follows Simstream's recent announcement of the award of a satellite network contract by the Banque des Etats de l'Afrique Centrale, connecting 25 sites across six countries.
10% should allow for further monetary easing by the regional central banks, the Banque Centrale des Etats de l'Afrique de l'Ouest (BCEAO) and the Banque des Etats de l'Afrique Centrale (BEAC).
These include Standard Trust Bank Limited (STB), one of the five largest banks in Nigeria with 76 branches and a customer base in excess of 300,000, and Banque des Etats de l'Afrique Centrale (BEAC), which is headquartered in Cameroon and operates as the Central Bank for Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad.
Monetary policy, which is carried out at the regional level, is to aim at supporting fiscal policy, with a view to countering inflationary pressures and improving the net external position of the shared central bank, the Banque des Etats de l'Afrique Centrale (BEAC).
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