logoBC
Yaoundé - 13 April 2024 -
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

air-peace-expands-service-with-new-route-from-abuja-to-yaounde
Nigerian airline Air Peace has expanded its operations in Cameroon with the opening of a new flight route from Abuja, Nigeria's capital, to Yaoundé, the...
cameroon-cuts-rice-prices-following-import-deal-with-india
The Cameroonian Ministry of Commerce announced yesterday a significant reduction in rice prices effective Friday. This price adjustment follows the...
cameroon-exported-657-3-tons-of-palm-oil-in-2022-despite-production-shortfall
Cameroon, grappling with a chronic shortage of palm oil production, exported 657.3 tons of the commodity in 2022. This export generated about 713.6...
cameroon-s-trade-deficit-worsens-over-six-years-despite-import-substitution-efforts
Cameroon’s trade deficit has significantly worsened from 2017 to 2022, totaling a loss of CFA256 billion over the six-year period, according to 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 »