logoBC
Yaoundé - 05 October 2022 -
Finance

Cemac: Governments to soon forbid use of coins in game rooms

Cemac: Governments to soon forbid use of coins in game rooms
  • Comments   -   Friday, 12 April 2019 15:26

(Business in Cameroon) - During a Board meeting held April 2 in Douala, Cameroon’s economic capital, the Bank of Central African States Beac raised concern about the scarcity of coins in the sub-region, especially in Cameroon.

In order to tackle this issue, the Board instructed the bank to take steps with the CEMAC countries to ban the use of coins in gaming rooms and, on the other hand, to define a multi-year plan for making coins available to the population, according to the final communique.

In fact, expatriates, especially Asians, who own game rooms in Cameroon and other Cemac states shipped XAF50 and XAF100 coins out of the country through slot machines and recycled them into jewelry. Last December 18, Abbas Mahamat Tolli, Governor of Beac, already promised to open an investigation into the phenomenon.

Sylvain Andzongo

cameroon-exports-improved-by-5-4-yoy-in-q1-2022
The total export volume from Cameroon to the international market grew by 5.4% year-on-year between January and March 2022. The national stats agency...
imported-food-inflation-hovered-around-20-in-yaounde-in-august-2022
Inflation reached 7.4% in Yaoundé, Cameroon’s capital, in August this year, a recent INS report revealed. This rate was driven mainly by imported food...
cameroon-edf-counts-on-the-world-bank-to-finance-the-kikot-dam
Électricité de France (EDF), the company piloting the Kikot dam project on the Sanaga River, is counting on the World Bank to raise the financial...
cameroon-banking-and-communication-activities-supported-service-sector-improvement-in-q1-2022
The service sector in Cameroon performed well during the first three months of 2022, according to the National Institute of Statistics (INS). The...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »