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Cameroon – BEAC : New range of Banknotes, already in Circulation

New Bank Notes

The Bank of Central African States (BEAC) has officially started circulating its new range of “2020 type” banknotes in Cameroon this 15 December, twenty years after the last one.

This release is simultaneous throughout the Economic and Monetary Community of Central Africa (CEMAC). All denominations are concerned: FCFA 500, FCFA 1,000, FCFA 2,000, FCFA 5,000 and FCFA 10,000. The BEAC claims that these new notes will be “more compact, more modern and more secure”. In addition, all the official languages used in the sub-region are present on these new notes.

Indeed, the new range “highlights the official languages of the Cemac countries which are French, English, Arabic and Spanish, by declining in the inscription Bank of Central African States and in the face value of the notes,” said Governor Abbas Mahamat Tolli, in comments reported by the local media.

The release of this new range was taken at the end of an extraordinary session of the Ministerial Committee of the Central African Monetary Union (UMAC) held by video conference on November 7. In addition to the change of these notes, the UMAC announced the withdrawal of the 1992 banknotes from 1 March 2023.

Published on 03.01.2023

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