Cameroon has its GDP growing at an average of 4% per year. During the 2004–2008 period, public debt was reduced from over 60% of GDP to 10% and official reserves quadrupled to over US$3 billion. Cameroon is part of the Bank of Central African States (of which it is the dominant economy), the Customs and Economic Union of Central Africa (UDEAC) and the Organization for the Harmonization of Business Law in Africa (OHADA). Its currency is the CFA franc.
Cameroon has its GDP growing at an average of 4% per year. During the 2004–2008 period public debt was reduced from over 60% of GDP to 10% and official reserves quadrupled to over US$3 billion. Cameroon is part of the Bank of Central African States (of which it is the dominant economy), the Customs and Economic Union of Central Africa (UDEAC) and the Organization for the Harmonization of Business Law in Africa (OHADA). Its currency is the CFA franc.