logoBC
Yaoundé - 19 October 2019 -
Finance

Beac: New banknotes to soon be issued

Beac: New banknotes to soon be issued
  • Comments   -   Friday, 04 October 2019 15:57

(Business in Cameroon) - BEAC, the central bank of CEMAC countries, is preparing to put new banknotes into circulation. The information was revealed in Resolution N°7 of the ordinary meeting of the Central African Monetary Union (UMAC)’s ministerial council, which was held on October 2, 2019, at the bank’s headquarters in Yaoundé, Cameroon.

The ministerial council acknowledged the launch of works for the elaboration of new banknotes. It also explained that according to article 33 of BEAC’s by-laws, the bank’s management is responsible for the finalization of works required for the creation and progressive introduction, as soon as possible, of these new banknotes.

The new banknotes will replace those currently used in CEMAC countries’ economic circuits. Those notes have been in circulation since November 24, 2003.

Brice R. Mbodiam

france-first-supplier-of-imported-products-under-cameroon-s-economic-partnership-with-the-eu
Between August 4, 2016, and August 4, 2019, under the economic partnership agreement with the European Union, there were four main suppliers for products...
cameroon-successes-and-challenges-of-the-construction-of-the-nationale-n-15
While the lot 4 (44.9-km Yoko-Lena section) of the Nationale n° 15 Batchenga (Centre)-Ntui-Yoko-Lena-Tibati (Adamaoua) has been completed already,...
cemac-authorities-praise-a-rise-in-the-volume-of-currency-channeled-back-by-banks-to-the-beac
At the end of the ordinary meeting of the Central African Monetary Union (UMAC)’s ministerial council, in Yaoundé, on October 2, 2019, CEMAC authorities...
cameroon-18-carriers-authorized-to-operate-in-nov-2019-march-2020
Cameroon Civil Aviation Authority (CCAA) recently published the winter 2019/2020 flying schedule of carriers operating in Cameroon. For the winter, which...

Mags frontpage


Business in Cameroon n80: October 2019

Agribusiness: Brazil ready to show Cameroon the way to higher spheres


Reviewing the state of things in the North and Far North


Investir au Cameroun n90: Octobre 2019

Le coût faramineux de la « crise anglophone »


Décollage réussi pour la Transahélienne de Camair-Co