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5000 Francs 2002, Republic of Cameroon

in Krause book Number: 204Eg
Years of issue: 2002
Edition:
Signatures: Le Gouverneur: Jean-Félix Mamalepot (in office July 1990 - April 2007), Un Censeur: Peter Akumchi Awa
Serie: Series 2002
Specimen of: 1994
Material: Cotton fiber
Size (mm): 160 x 80
Printer: Francois-Charles Oberthur Fiduciaire SA, Colombes

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5000 Francs 2002

Description

Watermark:

watermark

Worker, in hardhat, same as on obverse.watermark

BEAC globe logo fluorescing under ultraviolet light.

Avers:

5000 Francs 2002

Centered is the young man in hardhat. It is very difficult to determine his ethnic group, as such banknote design came out in a number of African countries, besides Cameroon.

Main topic of obverse - oil.

On banknote are: Map of the Central African States. Oil rig workers in hardhats with drill. Flare stack. Oil tanker. Oil towers. Oil derricks.

In addition, there are African patterns in the background and, above, on the watermark field, a stylized African mask.

I found this article:

"The number and reserves of explored hydrocarbon deposits in 2004-2005 continued to decrease. Moreover, some regions of the world have become inaccessible to oil and gas companies for political reasons. Due to the growing demand, more companies are looking to gain access to vast deposits in Africa, said Mr. Mobed. - Exploration of new reserves in the main oil and gas producing regions of the continent will continue to attract investment, resulting in the development of larger fields. The exploration will also cover adjacent regions of Africa, mainly states on the Atlantic coast of the continent with access to international markets. "

According to IHS, the share of explored deposits in Africa in the period from 2000 to 2004 was 25% of the world's reserves (excluding the continental reserves of the United States and Canada) and 12% of the world's gas reserves. About 300 billion barrels. oil equivalent, two thirds of which is in the liquid phase, was explored in Africa in 2004; 85% of these reserves are located in 10 tectonic basins, of which the Sirte basin in Libya has the largest reserves (22% of all reserves in Africa). At the end of 2004, liquid hydrocarbon reserves were approximately 105,000 million barrels. oil (MMb) and were distributed as follows: Nigeria (35,651 MMb), Libya (26,842 MMb), Angola (13,619 MMb), Algeria (14,169 MMb) and Egypt (3,428 MMb). In addition, the share of states located in the Sahara and further south is 11,173 MMb. Sudan, despite the state of political instability, is also actively increasing the rate of production and development of new fields.

According to forecasts of Cambridge Energy Research Associates (CERA), a division of IHS, Africa will increase oil production by 38% by 2010, which will amount to an additional 4 million barrels per day. Much of this growth will come from the development of new fields in Nigeria, Angola and Algeria. This will account for 30% of the projected increase in world production of 13.650 million barrels per day. Sub-Saharan deepwater fields are also expected to add more than 2,200 million barrels per day, with fields in Angola and Nigeria accounting for the bulk of this growth.

At the same time, Africa's contribution to increasing the world's energy reserves is not limited to oil. New opportunities of the continent for the production of liquefied natural gas (LNG) will increase the export of this type of fuel. At the end of 2005, Africa supplied 50 million metric tons of LNG per year out of 173 million tons produced globally; with Angola and Nigeria being the leading suppliers. A new production line has been commissioned in Egypt, producing 3.6 million metric tons of liquefied natural gas per year. Equatorial Guinea and Angola have also announced the launch of LNG production and processing projects." (www.abok.ru .rus)

Revers:

5000 Francs 2002

Main topic of obverse - cotton harvest.

On banknote are: African women and men carrying cotton in baskets and cloth bundles. Straw huts. On left side is a girl, with a basket of cotton on her head.

"During the colonial period of development of the African continent, the agricultural specialization of many countries acquired a narrow, monocultural form. Its assessment cannot be unequivocally negative or positive. On the one hand, monoculture made the economies of these countries dependent on the world price environment. It made many of them unable to use fertile land for growing food crops of their own daily demand.Cultivated usually on the same plot from year to year, monoculture led to severe depletion of the soil, which in this case was used as an ore vein, for wear. On the other hand, monoculture provided, as a rule, significantly higher incomes, moreover, in hard currency It connected the producing countries with the world market.

There are many monoculture countries in West and Central Africa. These include, obviously, such states located directly at the southern "edge" of the Sahara as Burkina Faso, Mali and Chad, where cotton has been and remains the main export crop. Many countries that go directly to the Gulf of Guinea have a pronounced international specialization in the production of cocoa beans, coffee, peanuts, palm oil." (compendium.su .rus)

In lower left corner is an inscription:

"Les auteurs ou complices de falsification ou de contrefaçon de billets de banque seront punis conformement aux lois et actes en vigueur."

In English:

"The authors or accomplices of falsification or counterfeiting of banknotes will be punished in accordance with the laws and acts in force".

Comments:

Engraver and designer: Pierrette Lambert.

Segmented 3 mm. wide security thread.