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Tuesday 24 May 2022 22:41:19 GMT
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🇨🇲 237 HISTORY | HOW CURRENCY CHANGED IN FRENCH CAMEROON BEFORE INDEPENDENCE Before Cameroon gained independence on 1 January 1960, the money used in French-administered Cameroon went through several changes. These changes reflected the colonial administration, the Second World War, and the development of the monetary system. 1920–1940: Banque de l’Afrique Occidentale The Banque de l’Afrique Occidentale issued banknotes used in the wider French-administered monetary system in Central Africa. 1941–1944: Wartime currency During the Second World War, Free French authorities issued banknotes as Cameroon and French Equatorial Africa became important territories for the Free French movement. 1945: The birth of the CFA franc On 26 December 1945, the CFA franc was established under the name Franc des Colonies Françaises d’Afrique. 1955: A new issuing institution The Institut d’Émission de l’Afrique Équatoriale Française et du Cameroun was established to issue currency for the region. 1959: A central bank The Banque Centrale des États de l’Afrique Équatoriale et du Cameroun replaced the issuing institute shortly before independence. When Cameroon became independent in 1960, the CFA franc remained in use. The country’s political status had changed, but its monetary system continued to evolve. Old banknotes are more than money. Their dates, designs, and inscriptions help us understand Cameroon’s colonial history. 🇨🇲 237 History — Preserving Cameroon’s Past. What is the oldest banknote your family has ever kept? #237History #CameroonHistory #AfricanHistory #CFAFranc #HistoryForStudents
🇨🇲 237 HISTORY | HOW CURRENCY CHANGED IN FRENCH CAMEROON BEFORE INDEPENDENCE Before Cameroon gained independence on 1 January 1960, the money used in French-administered Cameroon went through several changes. These changes reflected the colonial administration, the Second World War, and the development of the monetary system. 1920–1940: Banque de l’Afrique Occidentale The Banque de l’Afrique Occidentale issued banknotes used in the wider French-administered monetary system in Central Africa. 1941–1944: Wartime currency During the Second World War, Free French authorities issued banknotes as Cameroon and French Equatorial Africa became important territories for the Free French movement. 1945: The birth of the CFA franc On 26 December 1945, the CFA franc was established under the name Franc des Colonies Françaises d’Afrique. 1955: A new issuing institution The Institut d’Émission de l’Afrique Équatoriale Française et du Cameroun was established to issue currency for the region. 1959: A central bank The Banque Centrale des États de l’Afrique Équatoriale et du Cameroun replaced the issuing institute shortly before independence. When Cameroon became independent in 1960, the CFA franc remained in use. The country’s political status had changed, but its monetary system continued to evolve. Old banknotes are more than money. Their dates, designs, and inscriptions help us understand Cameroon’s colonial history. 🇨🇲 237 History — Preserving Cameroon’s Past. What is the oldest banknote your family has ever kept? #237History #CameroonHistory #AfricanHistory #CFAFranc #HistoryForStudents

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