Search within this web site:

 
you are here ::

Economy, Currency, Banking, and Commerce

centimes, monetary union, Yaounde, exchange rate, French franc

The unit of currency of Cameroon is the CFA franc, consisting of 100 centimes (711.98 CFA francs equal U.S.$1; 2000 average). An exchange rate of 50 CFA francs equal to 1 French franc was in force until 1994, when the CFA franc was devalued by 50 percent. The currency is issued by the Bank of the States of Central Africa (headquartered in Yaounde), the central bank of a monetary union formed by five Central African states. In 2000, Cameroon’s exports earned $2.2 billion while imports cost $1.4 billion. France, Italy, Spain, and the United States are leading partners for exports; France and Germany are leading partners for imports.



Article key phrases:

centimes, monetary union, Yaounde, exchange rate, French franc, unit of currency, central bank, Spain, Italy, France, force, Germany, percent, average, United States

 
 

Search within this web site: