Living glossary

The words that matter between Europe and Cameroon

BEAC, CEMAC, exchange spread, Orange Money… Short, precise definitions linked to our tools — so you understand before you send, invest or act.

All terms

BEAC
The Bank of Central African States (BEAC) is the central bank of the six CEMAC countries. It issues the Central African CFA franc (XAF) and guarantees its fixed peg to the euro.
CEMAC
The Economic and Monetary Community of Central Africa (CEMAC) unites Cameroon, the Central African Republic, Congo, Gabon, Equatorial Guinea and Chad around a shared currency: the Central African CFA franc (XAF).
CFA franc (XAF)
The Central African CFA franc, ISO code XAF, is the official currency of the six CEMAC countries, including Cameroon. It is linked to the euro by a fixed peg guaranteed by BEAC.
Fixed EUR/XAF peg
The fixed EUR/XAF peg is the official rate guaranteed by BEAC: 655.957 Central African CFA francs per 1 euro. It does not move day to day like a floating currency.
Hidden fees / exchange spread
The main hidden cost of a transfer is the exchange spread: the gap between the official EUR/XAF peg (655.957) and the less favourable rate the operator applies — often dearer than the advertised “€0 fee”.
Microcredit
Microcredit is a small loan for people often excluded from traditional bank credit, to start or grow an economic activity — trade, crafts, production — with gradual repayment.
MTN Mobile Money
MTN Mobile Money (often called MoMo) is MTN Cameroon’s electronic money service: receive, pay and withdraw via phone and agents — alongside Orange Money in the country’s mobile-money landscape.
Orange Money
Orange Money is Orange Cameroon’s electronic money service: a phone wallet to receive, send, pay and withdraw cash through an agent network, including outside major cities.

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EUR/XAF converter, fee comparator and purchasing power in Yaoundé.

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The words that matter between Europe and Cameroon

BEAC

CEMAC

CFA franc (XAF)

Fixed EUR/XAF peg

Hidden fees / exchange spread

Microcredit

MTN Mobile Money

Orange Money

Free tools for the diaspora

Through your investment, support and equip