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Central African CFA Franc
The Central African CFA franc
CFA franc
(French: franc CFA or simply franc, ISO 4217 code: XAF) is the currency of six independent states in central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea
Equatorial Guinea
and Gabon. These six countries have a combined population of 48.0 million people (as of 2014),[1] and a combined GDP of US$88.2 billion (as of 2012).[2] CFA stands for Coopération financière en Afrique centrale ("Financial Cooperation in Central Africa"). It is issued by the BEAC (Banque des États de l'Afrique Centrale, "Bank of the Central African States"), located in Yaoundé, Cameroon, for the members of the CEMAC (Communauté Économique et Monétaire de l'Afrique Centrale, "Economic and Monetary Community of Central Africa")
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French Language
French (le français [lə fʁɑ̃sɛ] ( listen) or la langue française [la lɑ̃ɡ fʁɑ̃sɛz]) is a Romance language
Romance language
of the Indo-European family. It descended from the Vulgar Latin
Vulgar Latin
of the Roman Empire, as did all Romance languages. French has evolved from Gallo-Romance, the spoken Latin
Latin
in Gaul, and more specifically in Northern Gaul. Its closest relatives are the other langues d'oïl—languages historically spoken in northern France
France
and in southern Belgium, which French (Francien) has largely supplanted. French was also influenced by native Celtic languages
Celtic languages
of Northern Roman Gaul
Gaul
like Gallia Belgica
Gallia Belgica
and by the (Germanic) Frankish language of the post-Roman Frankish invaders
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Central African Empire
The Central African Empire
Central African Empire
(French: Empire centrafricain) was a short-lived, self-declared "constitutional monarchy", but in reality an absolute monarchy under a one-party military dictatorship, that replaced the Central African Republic
Central African Republic
and was, in turn, replaced by the restoration of the Republic. The empire was formed by and under the command of Jean-Bédel Bokassa, president of the Republic, who declared himself Emperor Bokassa I on 4 December 1976. Bokassa spent the equivalent of over 20 million United States dollars, a third of the country’s government annual income, on his coronation ceremony. The monarchy was abolished and the name "Central African Republic" was restored on 21 September 1979, when Bokassa was ousted with French support
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Monetary Union
A currency union (also known as monetary union) involves two or more states sharing the same currency without them necessarily having any further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market). Three types of currency unions exist:Informal – unilateral adoption of foreign currency[citation needed] Formal – adoption of foreign currency by virtue of bilateral or multilateral agreement with the issuing authority, sometimes supplemented by issue of local currency in currency peg regime Formal with common policy – establishment by multiple countries of a common monetary policy and issuing authority for their common currencyThe theory of the optimal currency area addresses the question of how to determine what geographical regions should share a currency in order to maximize economic efficiency.Contents1 List of currency unions1.1 Existing 1.2 Planned 1.3 Disbanded 1.4 Never mat
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Economy Of Cameroon
For a quarter of a century following independence, Cameroon
Cameroon
was one of the most prosperous countries in Africa. The drop in commodity prices for its principal exports —petroleum, cocoa, coffee, and cotton — in the mid-1980s, combined with an overvalued currency and economic mismanagement, led to a decade-long recession. Real per capita GDP fell by more than 60% from 1986 to 1994. The current account and fiscal deficits widened, and foreign debt grew
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Economy Of The Central African Republic
The Central African Republic
Central African Republic
(CAR) is classified as one of the world's least developed countries,[6] with an estimated annual per capita income of $547 PPP (2014). Sparsely populated and landlocked, the nation is overwhelmingly agrarian. The vast bulk of the population engages in subsistence farming and 55% of the country's GDP arises from agriculture. Subsistence agriculture, together with forestry, remains the backbone of the economy of the Central African Republic
Central African Republic
(CAR), with more than 70% of the population living in outlying areas. Principal food crops include cassava, peanuts, sorghum, millet, maize, sesame, and plantains. Principal cash crops for export include cotton, coffee, and tobacco
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Economy Of Chad
Landlocked Chad's economic development suffers from its geographic remoteness, drought, lack of infrastructure, and political turmoil. About 85% of the population depends on agriculture, including the herding of livestock. Of Africa's Francophone countries, Chad benefited least from the 50% devaluation of their currencies in January 1994. Financial aid from the World Bank, the African Development Bank, and other sources is directed largely at the improvement of agriculture, especially livestock production. Because of lack of financing, the development of oil fields near Doba, originally due to finish in 2000, was delayed until 2003. It was finally developed and is now operated by Exxon Mobil Corporation. See also[edit]Chad Economy of Africa Petroleum
Petroleum
industry in ChadReferences[edit]^ "Ease of Doing Business in Chad". Doingbusiness.org. Retrieved 2017-01-23.  ^ "Export Partners of Chad". CIA World Factbook. 2015
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Economy Of The Republic Of The Congo
The economy of the Republic of the Congo
Republic of the Congo
is a mixture of subsistence hunting and agriculture, an industrial sector based largely on petroleum extraction and support services, and a government spending,[6] characterized by budget problems and overstaffing. Petroleum
Petroleum
has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports.[6] Nowadays the country is increasingly converting natural gas to electricity rather than burning it, greatly improving energy prospects.[6]Contents1 Historical overview 2 Petroleum 3 Statistics 4 See also 5 References 6 External linksHistorical overview[edit] Earlier in the 1990s, Congo's major employer was the state bureaucracy, which had a payroll of 80,000, which is enormous for a country of Congo's size
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Economy Of Equatorial Guinea
Equatorial Guinea
Equatorial Guinea
is a small nation of 1.2 million located on the west coast of Central Africa
Central Africa
which gained independence from Spain
Spain
in 1968. Thanks to the discovery and exploitation of significant oil reserves in the 1990s, it enjoys a purchasing power parity GDP per capita of more than US$38,699 which is as of 2016 the highest in Africa
Africa
and the 31st highest in the world. However, the country has been ranked only 138th out of 188 countries on the United Nations Human Development Index in 2015
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Economy Of Gabon
Gabon
Gabon
enjoys a per capita income four times that of most nations of sub-Saharan Africa, its reliance on resource extraction industry releasing much of the population from extreme poverty.Contents1 Resources 2 Financial problems 3 Animal husbandry 4 Fishing 5 Industry 6 Statistics 7 See also 8 References 9 External linksResources[edit] Gabon
Gabon
depended on timber and manganese until oil was discovered offshore in the early 1970s. The oil sector now accounts for 50% of GDP and 80% of exports. Although there have been recent offshore finds,[5][6] oil production is now declining from its peak of 370,000 barrels per day (59,000 m3/d) in 1997, and periods of low oil prices have had a negative impact on government revenues and the economy
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Population Reference Bureau
The Population Reference Bureau
Population Reference Bureau
(PRB) is a private, nonprofit organization that was founded in 1929.[1] The organization specializes in collecting and supplying statistics necessary for research and/or academic purposes.[2][3]Contents1 History 2 Funding and Partners 3 Capabilities 4 Services 5 See also 6 Notes 7 External linksHistory[edit] The Population Reference Bureau
Population Reference Bureau
was founded by Guy Burch.[1] In the early 1930s, the organization shared office space with the Population Association of America, which was created in May 1931 in New York City
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World Bank
The World Bank
World Bank
(French: Banque mondiale)[2] is an international financial institution that provides loans[3] to countries of the world for capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA)
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French Equatorial Africa
French Equatorial Africa (French: Afrique équatoriale française), or the AEF, was the federation of French colonial possessions in Equatorial Africa, extending northwards from the Congo River
Congo River
into the Sahel, and comprising what are today the countries of Chad, the Central African Republic, Cameroon, the Republic of the Congo, and Gabon.Contents1 History 2 Administration 3 Geography 4 Postage stamps 5 See also 6 References 7 Bibliography 8 External linksHistory[edit] Established in 1910, the federation contained four (later five) colonial possessions: French Gabon, French Congo, Oubangui-Chari
Oubangui-Chari
and French Chad. Following World War I, French Cameroon
French Cameroon
was added, although it was not organized as a separate entity until 1920
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People's Republic Of The Congo
The People's Republic of the Congo
Republic of the Congo
(French: République populaire du Congo) was a Marxist–Leninist socialist state that was established in 1969[2] in the Republic of the Congo. Led by the Congolese Party of Labour (French: Parti congolais du travail, PCT), it existed until 1991 when, following the dissolution of the Soviet Union, the country's earlier name was restored and André Milongo
André Milongo
was named transitional prime minister.Contents1 Demographics 2 History2.1 Background 2.2 Proclamation 2.3 Transition3 Events and emblems 4 See also 5 References 6 External linksDemographics[edit] The People's Republic of the Congo
Republic of the Congo
had 2,153,685 inhabitants in 1988. There were 15 different ethnic groups, although most people were Kongo, Sangha, M'Bochi, or Teke. 8,500 Europeans were present as well, mostly of French extraction
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Council Of Arab Economic Unity
The Council of Arab
Arab
Economic Unity (CAEU) (Arabic: مجلس الوحدة الاقتصادي العربي‬) was founded by Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine, Saudi Arabia, Sudan, Tunisia, Syria, United Arab Emirates
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Republic Of Cameroon
Coordinates: 6°N 12°E / 6°N 12°E / 6; 12Republic of Cameroon République du Cameroun  (French)FlagCoat of armsMotto:  "Paix – Travail – Patrie" (French) "Peace – Work – Fatherland"Anthem:  Ô Cameroun, Berceau de nos Ancêtres  (French) (English: "O Cameroon, Cradle of our Forefathers")Capital Yaoundé[1] 3°52′N 11°31′E / 3.867°N 11.517°E / 3.867; 11.517Largest city Douala[1]Official languages French EnglishEthnic groups31% Cameroon
Cameroon
Highlanders
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