Caisse Centrale de la France Libre

It soon evolved into a specialized note-issuing and development bank for French overseas territories and was renamed the Caisse Centrale de la France d'Outre-Mer (CCFOM, lit.

[5]: 41  The CFLN simultaneously relied on the monetary infrastructure of the Banque de l'Algérie, which it leveraged for example to supply banknotes during the liberation of Corsica in October 1943.

[6] Instead of being phased out as its initial role was coming to an end,[1]: 4  however, the Caisse Centrale was given new impetus as the Brazzaville Conference marked a new emphasis on the economic and social development of French colonies in early 1944.

[8] Even so, the CCFOM was still the bank of issue for some of France's overseas territories, including French Equatorial Africa, Cameroon, Guadeloupe, Guyana, Martinique, Réunion, and Saint-Pierre-et-Miquelon.

[11] A few months later, French law 46-860 of 30 April 1946 created the Fonds d'Investissement pour le Développement Économique et Social des Territoires d'Outre-Mer (FIDES, lit.

[7] The FIDES represented the first-ever explicit acknowledgement by the French government of fiscal expenditure for its African colonies' economic development, in contrast to earlier policies that only allowed for loans.

[5]: 79  The IEAEFC would be renamed in 1959 as the Banque Centrale des États de l'Afrique Équatoriale et du Cameroun (BCEAEC), which itself later became the BEAC.

[3] The CCCE was also instrumental in the creation in 1967 of the separate Institut d'Émission d'Outre-Mer (IEOM), which took over the issuance privilege formerly held by the Banque de l'Indochine for French territories in the Pacific.

[5]: 119 In early 1968, the CCCE absorbed the French development agency for Algeria (Caisse d'Équipement pour le Développement de l'Algérie / CEDA, est.