The countries of the CEMAC zone have a new range of banknotes

November 11, 2022

LIBREVILLE, November 11 (Infosplusgabon) – As of December 15, new banknotes will be circulating in the CEMAC zone according to the last extraordinary session of the Umac Ministerial Committee whose single resolution has just been made public by its president, Hervé Ndoba.

No more speculation on the circulation of a new range of banknotes by the Bank of Central African States (Beac). This will be done on December 15, 2022. In accordance with the will of the ministers of the Central African Monetary Union (UMAC) meeting in extraordinary session on November 7 in Douala. The single resolution just published by Hervé Ndoba, its president, specifies all the terms of this operation.

Namely that it is “the banknotes of the new 2020 range whose specimens and characteristics have been presented”, which are in the spotlight. With the consequence of the imperative to “demonetize and deprive of legal tender and legal tender throughout the territory of the Community, banknotes of the 1992 range from March 1, 2023 according to certain conditions”.

Among these, the document that reached our editorial office mentions that “from March 1 to May 31, 2023, i.e. for a period of three months, the banknotes of the 1992 range will be exchangeable at the counters of commercial banks and at the counters of the Beac” . After this period and precisely “from June 1, 2023 to May 31, 2024, i.e. for a period of one year, the tickets of the 1992 range will be exclusively exchanged at the Beac counters”.

The CEMAC finance ministers have also decided that “from June 1, 2024, banknotes from the 1992 range will no longer be exchanged”. At the same time, they will have to take care to “gradually withdraw from circulation the banknotes of the 2002 range as they return to the Beac counters from January 1, 2024”, finally specifies the single resolution signed of the President of the Umac Ministerial Committee, Hervé Ndoba.

No indication is for the time being given about the new coins. The circulation of this new range of banknotes echoes the festivities marking the fiftieth anniversary of the Central Bank. They will take place from November 18 to 22, 2022 in Ndjamena, Chad.

END/INFOSPLUSGABON/IOK/GABON2022

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