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Central African CFA Franc
The Central African CFA franc ( French: ''franc CFA'' or simply ''franc''; ISO code: XAF; abbreviation: F.CFA) is the currency of six independent states in Central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. These six countries have a combined population of 55.2 million people (as of 2020), and a combined GDP of US$113.322 billion (as of 2020). CFA stands for ''Coopération financière en Afrique centrale'' ("Financial Cooperation in Central Africa"). It is issued by the Bank of Central African States (BEAC; ''Banque des États de l'Afrique Centrale''), located in Yaoundé, Cameroon, for the members of the Economic and Monetary Community of Central Africa (CEMAC; ''Communauté Économique et Monétaire de l'Afrique Centrale''). The franc is nominally subdivided into 100 ''centimes'' but no centime denominations have been issued. In several west African states, the West African CFA franc, which is of equal value ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Centime
Centime (from la, centesimus) is French for " cent", and is used in English as the name of the fraction currency in several Francophone countries (including Switzerland, Algeria, Belgium, Morocco and France). In France, the usage of ''centime'' goes back to the introduction of the decimal monetary system under Napoleon. This system aimed at replacing non-decimal fractions of older coins. A five-centime coin was known as a ''sou'', i.e. a solidus or shilling. In Francophone Canada of a Canadian dollar is officially known as a ''cent'' (pronounced /sɛnt/) in both English and French. However, in practice, the form of ''cenne'' (pronounced /sɛn/) has completely replaced the official ''cent''. Spoken and written use of the official form ''cent'' in Francophone Canada is exceptionally uncommon. In the Canadian French vernacular ''sou'', ''sou noir'' (' means "black" in French), ''cenne'', and ''cenne noire'' are all widely known, used, and accepted monikers when referring to e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Equatorial African Franc
The franc was the currency of French Equatorial Africa. The French franc circulated, together with distinct banknotes from 1917 and coins from 1942. It was replaced by the CFA franc in 1945. Coins In 1942, brass 50 centime and 1 franc coins were introduced, followed by bronze coins in the same denominations in 1943. Banknotes In 1917, the General Government of French Equatorial Africa made emergency issues of 1 and 2 franc notes. A provisional issue of 25 franc notes was produced in 1925 by overprinting notes of French West Africa. No further notes were produced until 1940, when the General Government made an emergency issue of 1000 and 5000 franc notes. These were followed in 1941 by Free French issues for 5, 10, 20, 25, 100 and 1000 francs. The ''Caisse Centrale de la France d'Outre-Mer'' took over paper money production in 1944, issuing notes for 5, 10, 20, 100 and 1000 francs. These continued to circulate as CFA francs after 1945. References * * See also * Central African ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of The Central African States
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: *Cameroon *Central African Republic *Chad *Equatorial Guinea *Gabon *Republic of the Congo In December 2010, a WikiLeaks memo dated June 3, 2005, 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. Governors Philibert Andzembe of Gabon was Governor of the Bank of Central African States 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 the preceding 17 years. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cupronickel
Cupronickel or copper-nickel (CuNi) is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. The copper content typically varies from 60 to 90 percent. (Monel is a nickel-copper alloy that contains a minimum of 52 percent nickel.) Despite its high copper content, cupronickel is silver in colour. Cupronickel is highly resistant to corrosion by salt water, and is therefore used for piping, heat exchangers and condensers in seawater systems, as well as for marine hardware. It is sometimes used for the propellers, propeller shafts, and hulls of high-quality boats. Other uses include military equipment and chemical, petrochemical, and electrical industries. Another common 20th-century use of cupronickel was silver-coloured coins. For this use, the typical alloy has 3:1 copper to nickel ratio, with very small amounts of manganese. In the past, true silver coins were debased with cupronickel, such as coins of the pound sterling from 1947 onwar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brass
Brass is an alloy of copper (Cu) and zinc (Zn), in proportions which can be varied to achieve different mechanical, electrical, and chemical properties. It is a substitutional alloy: atoms of the two constituents may replace each other within the same crystal structure. Brass is similar to bronze, another copper alloy, that uses tin instead of zinc. Both bronze and brass may include small proportions of a range of other elements including arsenic (As), lead (Pb), phosphorus (P), aluminium (Al), manganese (Mn), and silicon (Si). Historically, the distinction between the two alloys has been less consistent and clear, and modern practice in museums and archaeology increasingly avoids both terms for historical objects in favor of the more general "copper alloy". Brass has long been a popular material for decoration due to its bright, gold-like appearance; being used for drawer pulls and doorknobs. It has also been widely used to make utensils because of its low melting ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stainless Steel
Stainless steel is an alloy of iron that is resistant to rusting and corrosion. It contains at least 11% chromium and may contain elements such as carbon, other nonmetals and metals to obtain other desired properties. Stainless steel's corrosion resistance, resistance to corrosion results from the chromium, which forms a Passivation (chemistry), passive film that can protect the material and self-healing material, self-heal in the presence of oxygen. The alloy's properties, such as luster and resistance to corrosion, are useful in many applications. Stainless steel can be rolled into Sheet metal, sheets, plates, bars, wire, and tubing. These can be used in cookware, cutlery, surgical instruments, major appliances, vehicles, construction material in large buildings, industrial equipment (e.g., in paper mills, chemical plants, water treatment), and storage tanks and tankers for chemicals and food products. The biological cleanability of stainless steel is superior to both alumi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privy Mark
A privy mark was originally a small mark or differentiation in the design of a coin for the purpose of identifying the mint, moneyer, some other aspect of the coin's origin, or to prevent counterfeiting. One of the first instances of a privy mark used as a counterfeit measure was during the 17th century in a plan proposed by Sir Edward Ford to mint farthings, halfpence and three-farthings. In modern times, the privy mark is used as a design and marketing feature to commemorate a special event or signify that the coin is part of a set. It is still sometimes used to signify the location or origin of where the coin was minted, but is then usually referred to as a mint mark. Some privy marked coins – such as the Canadian Silver Privy Marked Maple Leaf – may sell at a premium. See also *Mint mark A mint mark is a letter, symbol or an inscription on a coin indicating the mint where the coin was produced. It should not be confused with a mintmaster mark which is the mark of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mint Mark
A mint mark is a letter, symbol or an inscription on a coin indicating the mint where the coin was produced. It should not be confused with a mintmaster mark which is the mark of the mintmaster. History Mint marks were first developed to locate a problem. If a coin was underweight, or overweight, the mint mark would immediately tell where the coin was minted, and the problem could be located and fixed. Another problem which could occur would be a dishonest mint official debasing the coin, or putting less precious metal in the coin than specified. The first mint marks, called "Magistrate Marks" were developed by the Greeks, and named the Magistrate in charge of producing that coin. Debasing a coin, or otherwise tampering with it, was a very serious crime, often punishable by death in many civilizations. For example, in 1649, the directors of the Spanish colonial American Mint at Potosi, in what is today Bolivia, were condemned to death for seriously debasing the coinage. The init ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Policy
Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money supply, often as an attempt to reduce inflation or the interest rate, to ensure price stability and general trust of the value and stability of the nation's currency. Monetary policy is a modification of the supply of money, i.e. "printing" more money, or decreasing the money supply by changing interest rates or removing excess reserves. This is in contrast to fiscal policy, which relies on taxation, government spending, and government borrowing as methods for a government to manage business cycle phenomena such as recessions. Further purposes of a monetary policy are usually to contribute to the stability of gross domestic product, to achieve and maintain low unemployment, and to maintain predictable exchange rates with other currencies. Monetary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trésor Public
The Trésor public ( en, Public treasury) is the national administration of the Treasury in France. It is headed by the general directorate of public finances (''Direction générale des finances publiques'') in the Ministry of the Economy, Finance and Industry. The ''Trésor Public'' is responsible for: * the accountancy of the state; * the control and help in the accountancy of public administrations and local governments; * the perception of direct taxes such as the income tax (the computation of those taxes is vested in a separate administration); Until the 2012 reform, the Treasury was headed in each department by the Treasurer-Paymaster General (''Trésorier-Payeur Général''), a high-ranking official. In Paris, the function used to be divided into the Paymaster General of the Treasury (''Payeur Général du Trésor''), and the Receiver General of the Finances (''Receveur Général des Finances''). Each region had its own Treasurer-Paymaster General, the one for the ''dép ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Franc
The franc (, ; sign: F or Fr), also commonly distinguished as the (FF), was a currency of France. Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money. It was reintroduced (in decimal form) in 1795. After two centuries of inflation, it was redenominated in 1960, with each (NF) being worth 100 old francs. The NF designation was continued for a few years before the currency returned to being simply the franc. Many French residents, though, continued to quote prices of especially expensive items in terms of the old franc (equivalent to the new centime), up to and even after the introduction of the euro (for coins and banknotes) in 2002. The French franc was a commonly held international reserve currency of reference in the 19th and 20th centuries. Between 1998 and 2002, the conversion of francs to euros was carried out at a rate of 6.55957 francs to 1 euro. History The French Franc tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equatorial Guinean Ekwele
The ekwele or ekuele was the currency of Equatorial Guinea between 1975 and 1985. Although nominally divided into 100 ''céntimos'', no subdivisions were issued. The name ekuele (plural the same) was used until 1979, whilst ekwele (plural ''bipkwele'') was used after. The renaming of the currency to "ekwele" from "peseta" was motivated largely by a sweeping Africanization program meant to rid the country of its colonial past by removing Spanish names and references from the public domain; the ''ekpele'' was a pre-colonial iron currency used by the Fang and Beti people. The ekuele replaced the '' peseta guineana'' at par, whilst the ekwele was replaced by the Central African CFA franc (written ''franco'' on Equatorial Guinean coins and banknotes) at a rate of 1 Franco = 4 bipkwele. Coins The first ekuele coins were issued in 1975. All denominations depicted the first president Francisco Macías Nguema on the obverse and allegorical motifs on the reverse. These were aluminum-bron ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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