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List Of Central Banks Of Africa
There are two African currency unions associated with multinational central banks; the West African Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) and the Central African Banque des États de l'Afrique Centrale (BEAC). Members of both currency unions use the CFA Franc as their legal tender. Below is a list of the central banks and currencies of Africa. See also * Africa * Economy of Africa * List of African countries by GDP (nominal) * List of African stock exchanges There are 29 exchanges in Africa, representing 38 nations' capital markets. 21 of the 29 stock exchanges in Africa are members of the African Securities Exchanges Association (ASEA). ASEA members are indicated below by an asterisk (*). The Egy ... * List of currencies in Africa References World Economic Outlook Database, October 2012 International Monetary Fund. Accessed on October 10, 2013. {{DEFAULTSORT:Central Banks And Currencies Of Africa Africa-related lists Currencies of Afric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CFA Franc Map
CFA may refer to: * CFA franc, a currency used by fourteen African countries * Chartered Financial Analyst, an international investment professional designation * Chick-fil-A, US fast food chain Agreements * Canadian Football Act * Ceasefire agreement * Compact of Free Association, agreement between US, Micronesia, Marshall Islands, and Palau * Conditional fee agreement, a legal agreement also known as "no win no fee" Medicine * Common femoral artery * Complete Freund's adjuvant, an immunopotentiator composed of inactivated and dried mycobacteria * Cryptogenic fibrosing alveolitis, an archaic term for idiopathic pulmonary fibrosis Organizations * California Faculty Association, the union representing employees at California State University system * Call For Action, telephone help-lines of radio stations in the United States * Campaign for Accountability, a non-profit organization in the United States * Consumer Federation of America, consumer group * Consumers' Federation of Au ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Burundian Franc
The franc (ISO 4217 code is BIF) is the currency of Burundi. It is nominally subdivided into 100 ''centimes'', although coins have never been issued in centimes since Burundi began issuing its own currency. Only during the period when Burundi used the Belgian Congo franc were centime coins issued. History The franc became the currency of Burundi in 1916, when Belgium occupied the former German colony and replaced the German East African rupie with the Belgian Congo franc. Burundi used the currency of Belgian Congo until 1960, when the Rwanda and Burundi franc was introduced. Burundi began issuing its own francs in 1964. There were plans to introduce a common currency, a new East African shilling, for the five member states of the East African Community by the end of 2015. As of September 2022, these plans have not yet materialized. Coins In 1965, the ''Bank of the Kingdom of Burundi'' issued brass 1 franc coins. In 1968, ''Bank of the Republic of Burundi'' took over the issuan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Eritrea
The Bank of Eritrea is the central bank of Eritrea. The bank is located in Asmara, the capital. The central bank is interested in encouraging foreign investment and in importing capital goods such as industrial machinery and agricultural equipment. The Central Bank of Eritrea, though a government entity, is independent from the Ministry of Finance; its governor and policy committee formulate and implement policy with input from the Ministry of Finance. Although travellers are permitted to bring foreign currency into the country, all transactions are to be made in Nakfa. Governors * Andebrhan Welde Giorgis, 1993-1994https://www.europarl.europa.eu/cmsdata/175430/20080626ATT32869EN.pdf * Tekie Beyene, 1994-2003-? * Kibreab Woldemariam, ?-2004- See also *Banking in Eritrea *Central banks and currencies of Africa * Economy of Eritrea *Eritrean nakfa, the unit of currency * List of central banks References External links * Economy of Eritrea Eritrea Eritrea ( ; ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eritrean Nakfa
The nakfa ( ISO 4217 code: ''ERN''; ''naḳfa'', or or نقفة ''nākfā'') is the currency of Eritrea and was introduced on 15 November 1998 to replace the Ethiopian birr at par. The currency takes its name from the Eritrean town of Nakfa, site of the first major victory of the Eritrean War of Independence. The nakfa is divided into 100 cents. The nakfa is pegged to the US dollar at a fixed rate of US$1 = ERN 15. At earlier times, it was officially pegged at US$1 = ERN 13.50. The currency is not fully convertible, so black market rates available on the streets typically offered a rate of 15 nakfas per dollar. Between 18 November and 31 December 2015, the Bank of Eritrea began replacement of all nakfa banknotes. The banknote replacement initiative was designed to combat counterfeiting, the informal economy but primarily Sudanese human traffickers who had accepted payments in nakfa banknotes in exchange for transporting would-be migrants primarily to Europe. A consequence o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Egypt
The Central Bank of Egypt (CBE; ar, البنك المركزي المصري) is the central bank and monetary authority of Arab Republic of Egypt. Currency Since the trading of gold and silver coins in Egypt and until 1834, there was no one unit of currency to unify the country. In 1834, a decree was realised stating the forging of an Egyptian currency based on the two metals (gold and silver). In accordance with said decree, the minting of a currency in the shape of gold and silver Riyals began. In 1836, the Egyptian pound was first introduced and it became open for public use. The bank floated the Egyptian pound during the morning of the 13th of November 2016.Hossam Mounir (November 2, 2017) �Flotation was boldest decision in history of Egyptian economic, banking sectors published by Daily News Egypt - accessed 2020-02-14 [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Egyptian Pound
The pound ( arz, جنيه مصرى '; abbreviation: LE in Latin, in Arabic, historically also £E; ISO code: EGP) is the official currency of Egypt. It is divided into 100 piastres, or ersh ( ; ''plural'' ; abbreviation: PT), or 1,000 milliemes ( ; french: millième, abbreviated to ''m'' or ''mill''). History In 1834, a khedival decree was issued, adopting an Egyptian currency based on a bimetallic standard (gold and silver) on the basis of the Maria Theresa thaler, a popular trade coin in the region. The Egyptian pound, known as the , was introduced, replacing the Egyptian piastre () as the chief unit of currency. The piastre continued to circulate as of a pound, with the piastre subdivided into 40 para. In 1885, the para ceased to be issued, and the piastre was divided into tenths ( ). These tenths were renamed milliemes () in 1916. The legal exchange rates were fixed by force of law for important foreign currencies which became acceptable in the settlem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Djibouti
The Central Bank of Djibouti (french: Banque Centrale de Djibouti) is the monetary authority of Djibouti. It is responsible for managing the country's currency, the Djiboutian franc, as well as the national foreign exchange position and accounting. Duties Objectives of the Central Bank of Djibouti include: * To issue and redeem notes and coins * To supervise, regulate and inspect any financial institution which operates in and from within Djibouti * To promote the financial stability and soundness of financial institutions * To supervise, regulate or approve the issue of financial instruments by financial institutions or by residents * To assist with the detection and prevention of financial crime * To foster close relations between financial institutions themselves and between the financial institutions and the Government * To manage exchange control and regulate transactions in foreign currency or gold on behalf of the Government * To advise and assist the Government and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Djiboutian Franc
The Djiboutian franc ( ar, فرنك) is the currency of Djibouti. Its ISO 4217 currency code is ''DJF''. Historically, it was subdivided into 100 ''centimes''. History From 1884, when the French Somaliland protectorate was established, the French franc circulated alongside the Indian rupee and the Maria Theresa thaler. These coexisted with 2 francs = 1 rupee and 4.2 francs = 1 Maria Theresa thaler. From 1908, francs circulating in Djibouti were legally fixed at the value of the French franc. Starting in 1910, banknotes were issued for the then colony by the Bank of Indochina. Chamber of Commerce paper money and tokens were issued between 1919 and 1922. In 1948, the first coins were issued specifically for use in Djibouti, in the name of the "Côte Française des Somalis". In 1949, an independent Djiboutian franc came into being when the local currency was pegged to the US dollar at a rate of 214.392 francs = 1 dollar. This was the value which the French franc had under the Br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of The Congo
The Central Bank of the Congo (french: Banque centrale du Congo) is the central bank of the Democratic Republic of the Congo. The bank's main offices are on Boulevard Colonel Tshatshi in La Gombe in Kinshasa. The bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion. On 5 May 2012 the Central Bank of the Democratic Republic of Congo announced it would be making specific commitments to financial inclusion under the Maya Declaration. Regional operations The central bank operates a network of regional branches across the DRC, the largest country in Sub-Saharan Africa. Branches can be found in Lubumbashi, Goma, Kamina, Kasumbalesa, Kikwit, Tshikapa, Ilebo and Matadi. In cities where the central bank is not present, a commercial bank can be appointed to represent it; Trust Merchant Bank performs such a role in Likasi and Kolwezi. History From 1886 to 1908, King Leopold II of the Belgians ruled the Congo F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of The Comoros
The Central Bank of the Comros (french: Banque Centrale des Comores, BCC) is the central bank of the Comoros, a group of islands in the Indian Ocean. Operations The statutes of the BCC state that its board of directors shall have eight members who are chosen from the Comorian Government, the French Central Bank (Banque de France) and the French government. The post of Deputy Director of the Central Bank of the Comoros is held by a Banque de France official, who is responsible for monetary policy. Since 19 November 1999, all the central bank's official rates have been pegged to the Euro Overnight Index Average ( EONIA) leading to a stabilisation of interest rate differentials with the euro. The BCC applies a compulsory reserves system (30% of deposits) and a bank monitoring system. The headquarters are located in Moroni. Banking system The Comorian banking system is constituted of six different banks: the Central Bank (BCC); the Banque pour l'Industrie et pour le Commerce-C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comorian Franc
The franc (french: link=no, franc comorien; ar, فرنك قمري; sign: FC; ISO 4217 code: KMF) is the official currency of Comoros. It is nominally subdivided into 100 ''centimes'', although no centime denominations have ever been issued. History The French franc became the currency of Comoros after the islands became a French protectorate in 1886. In 1891, Sultan Said Ali bin Said Omar of Grande Comore ( Ngazidja) issued coins denominated in centimes and francs which circulated alongside French currency. In 1912, the Comoros became a province of Madagascar, which was also a French possession. French banknotes and coins circulated in the colony. Apart from an emergency issue of small change notes in 1920, the French currency circulated alone until 1925. On 1 July 1925, the French government formed an agreement with the ''Banque de Paris et des Pays-Bas'' to create the Banque de Madagascar, headquartered in Paris, and granted it a private monopoly to issue currency for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
