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CITIZENSHIP From 5 Art

CHAPTER 2 : MONEY IN CAMEROON

II. FUNCTION OF B.E.A.C
  • It serves as the central banks from the CEMAC zone.
  • it regulates the activities of CEMAC banks with in CEMAC zone.
  • It enjoys monopoly over mains relating to the printing of currency, modification of sizes and shape of coins and banks notes within the CEMAC zone.
  • It guaranties the stability of the C.F.A.
  • It serves as the lender of last resort.
  • It manages au exchange transaction among members state.
par Claude Foumtum
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