Living glossary
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).
Updated
Unlike West Africa’s UEMOA zone (CFA franc XOF), CEMAC has its own central bank — BEAC — and its own currency code: XAF. Both CFA francs share the same euro peg (655.957), but they are not the same notes or institutions.
For someone sending money to Cameroon from Europe, “CEMAC zone” means: receipt in XAF, Orange Money or MTN MoMo mobile money, and one reference rate across the six member countries.
Understanding CEMAC also helps read public statistics (poverty, schooling, water access) in the right regional frame — not as an undifferentiated “Africa”.
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Cameroon in numbers
Up-to-date World Bank indicators to situate the context before you act.
See also
- BEACThe 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.
- 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.
- Orange MoneyOrange 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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