Development Bank of Central African States
Headquarters of the BEAC
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| Headquarters | Yaoundé, Cameroon |
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| Established | 1972 |
| Governor | Abbas Mahamat Tolli |
| Central bank of | Economic and Monetary Community of Central Africa |
| Currency |
Central African CFA franc XAF (ISO 4217) |
| Preceded by | Banque Centrale des Etats de l'Afrique Equatoriale et du Cameroun |
| Website | www.beac.int |
The Bank of Central African States (French: Banque des États de l'Afrique Centrale, BEAC) is a central bank that serves six central African countries which form the Economic and Monetary Community of Central Africa:
Philibert Andzembe of Gabon was Governor of the BEAC from July 2007 until October 2009, when he was fired by the new president of Gabon, Ali Bongo, in response to a bank scandal in which $28.3 million went missing from the bank's Paris branch. Jean Félix Mamalepot, also from Gabon, was Governor for preceding 17 years.
In December 2010, a memo dated July 7, 2009, said that Gabonese officials working for the Bank of Central African States stole US$36 million over a period of five years from the pooled reserves, giving much of the money to members of France’s two main political parties.
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