Cameroon

The former French Cameroon and part of British Cameroon merged in 1961 to form the present country. Cameroon has generally enjoyed stability, which has permitted the development of agriculture, roads, and railways, as well as a petroleum industry. Despite slow movement toward democratic reform, political power remains firmly in the hands of President Paul BIYA.

Economical characteristics

 * Currency: Central African CFA franc (ISO code: XAF)
 * Central bank discount rate: 4.75% (31 December 2008)
 * Commercial banks lending rate: NA% (31 December 2008)
 * Stock of money (M1): $2.881 billion (31 December 2008)
 * Quasi money (with M1 makes M2): $1.756 billion (31 December 2008)

Notable events:

 * Banking crisis: 1987-1993, 1995-1998

Links

 * Cameroon on Wikipedia
 * Central bank of Cameroon
 * Country profile (pdf) from the Enterprise Studies page (part of the The World Bank Group)
 * BBC country profile