Includes special features of this country’s banking system and rules/laws that might impact U.S. business.
Last Published: 5/15/2019

Chad is a member of the CFA (Communauté Financière Africaine) zone, as well as the Central African Monetary Union (CEMAC), which guarantees the convertibility of the Central African CFA Franc (FCFA) into Euro at a fixed rate of one Euro to 655.957 FCFA.  Exchange rates with the USD therefore vary according to the strength of the dollar versus the Euro.  The average exchange rate in 2018 was 596 FCFA per U.S. dollar.

Chad's banking system is limited in size and available services.  Financial instruments available to the private sector include: letters of credit; short, medium and long term loans; foreign exchange operations; and some long-term savings instruments.  The banking sector is regulated by Commission de Banque de l'Afrique Centrale (COBAC), a regional banking agency.  

There are currently ten commercial banks operating in Chad.  Credit is available from commercial banks on market terms, which average 16 to 25 percent for short-term loans. 
 

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