Multiple choice

Which European country is the guarantor of Bank of Central African States?

  1. UK

  2. France

  3. Germany

  4. Switzerland
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

France serves as the guarantor of the Bank of Central African States (BEAC) and provides the currency convertibility guarantee for the Central African CFA franc. This arrangement dates back to the colonial era when France established monetary unions with its African territories. The French Treasury holds 50% of the BEAC's capital and guarantees the CFA franc's convertibility to euros. Option B is correct - France is the guarantor. Options A (UK), C (Germany), and D (Switzerland) are incorrect as they have no role in guaranteeing the bank.

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