EQUATORIAL AFRICAN STATES
Equatorial African States (Central African States), a monetary union comprising the former French possessions and now independent states of the Republic of Congo (Brazzaville), Gabon, Central African Republic, Chad, and Cameroon, issues a common currency for the member states from a common central bank. The monetary unit, the African Financial Community Franc, is tied to and supported by the French franc.
,In 1960, an abortive attempt was made to form a union of the newly independent republics of Chad, Congo, Central Africa, and Gabon. The proposal was discarded when Chad refused to become a constituent member. The four countries then linked into an Equatorial Customs Unit, to which Cameroon became an associate member in 1961. A more extensive cooperation of the five republics, identified as the Central African Customs and Economic Union, was entered into force at the beginning of 1966.,,
,In 1974 the Central Bank of the Equatorial African States, which had issued coins and paper currency in its own name and with the names of the constituent member nations, changed its name to the Bank of the Central African States.,,
,1 Franc (C.F.A.) = 100 Centimes,,
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,Central African Republic ,B,,,