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Cameroon







Here is the complete historical financial report of Cameroon in International English, including all currencies that have circulated since the beginning of its monetary production, clearly highlighting the current official currency:


Comprehensive Financial Historical Report of Cameroon

Basic Data

  • Country ISO Code: CM

  • Official Language: French

  • Language ISO Code: fr

  • Current Official Currency: West African CFA franc (BCEAO)

  • Current Currency ISO Code: XOF


Currencies That Have Circulated in Cameroon

1. French Franc (Colonial Period)

  • ISO Code: FRF (historical)

  • Singular Name: franc

  • Plural Name: francs

  • Monetary Subdivision: 1 franc = 100 centimes

  • Singular Fraction Name: centime

  • Plural Fraction Name: centimes

  • Production Start Date: early 20th century

  • Production End Date: 1945 (end of circulation in French West Africa)

  • Circulation Start Date: early 20th century

  • Circulation End Date: 1945

  • Mint Location: Monnaie de Paris (France)

  • Issuing Bank: Banque de l’Afrique Occidentale

  • Minted Coin Values: 1, 2, 5, 10, 20, 50 centimes; 1, 2, 5 francs

  • Printed Banknote Values: 5, 10, 20, 50, 100, 500, 1000 francs

  • Designs / Symbols: portraits of Marianne, French republican symbols, colonial motifs.

  • Status: out of circulation since 1945.

2. CFA Franc (Since 1945)

  • ISO Code: XOF

  • Singular Name: franc

  • Plural Name: francs

  • Monetary Subdivision: 1 franc = 100 centimes

  • Singular Fraction Name: centime

  • Plural Fraction Name: centimes

  • Production Start Date: 1945

  • Production End Date: currently in circulation

  • Circulation Start Date: 1945

  • Circulation End Date: currently in circulation

  • Mint Locations: specialized mints in Europe (mainly France)

  • Issuing Bank: Central Bank of West African States (BCEAO)

  • Minted Coin Values: 1, 5, 10, 25, 50, 100 francs

  • Printed Banknote Values: 500, 1000, 2000, 5000, 10,000 francs

  • Designs / Symbols: traditional African motifs, landscapes, cultural scenes from West Africa.

  • Status: official currency and actively circulating.


Historical and Economic Context

  • The CFA franc was created in 1945, initially for the French colonies in West Africa.

  • Cameroon, as a member of UEMOA, uses this common currency with seven other countries.

  • The fixed parity with the euro ensures relative monetary stability.

  • Discussions are ongoing about regional monetary reform with the future introduction of the eco.


Banknote Signatories

  • Banknotes bear signatures of the Governor of BCEAO and the Finance Minister of member states.


People and Symbols Honored on Coins and Banknotes

  • Banknotes and coins depict cultural, historical, and natural symbols of the West African region, without specific political figures from Cameroon.


Additional Information and Curiosities

  • The CFA franc is shared by 14 African countries, including Cameroon.

  • BCEAO issues commemorative coins and banknotes for regional events.

  • BCEAO is the issuing and regulatory authority.


This report provides a comprehensive overview of Cameroon’s monetary evolution, from the French colonial currency to the current CFA franc, a stable and common currency within the West African Economic and Monetary Union.


If you need further reports or translations, feel free to ask!



Fonte:

Autor do blog: Nilton Romani

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