The choice of the financial authorities is expounded to all forms of 10000, 5000, 2000, 1000 and 500 Fcfa.
1992 sort notes shall be verified by tomorrow 1Sure June 2024. These cuts can even be faraway from the solvency energy over the whole territory of the Central African Financial and Financial Neighborhood. Due to this fact these tickets will now not have worth. Holders of those notes had till Might 31, 2024 to alternate at financial institution counters and within the providers of BEAC, the issuing establishment frequent to the six states of the sub-region (Cameroon, Central African Republic, Congo, Gabon , Equatorial Guinea and Chad). The announcement by the BEAC Governor relating to the demonetization of financial institution notes from the BEAC Sort 1992 vary is confirmed and in accordance with the choice of the UMAC ministerial committee.
This method goals to make sure financial stability and promote using banknotes in circulation, in accordance with the financial requirements and practices in drive within the sector. From then on, solely tickets from the 2002 and 2020 areas shall be legitimate within the Central African Financial and Financial Neighborhood (Cémac) zone. ” The sensible phrases of alternate shall be set, by memorandum, with every business financial institution and with every BEAC group. The Central Financial institution additionally remembers that banknotes from the 2002 vary retain their authorized tender standing and proceed to flow into along with banknotes from the 2020 vary due to this fact banknotes from each ranges should be accepted with out distinction -difference in all issues. », specified the BEAC.
It must be famous that the method of withdrawal from circulating banknotes of the 1992 vary began on 1Sure March 2023 within the Cémac zone, in accordance with a decision of the ministerial committee assembly of the Central African Financial Union held on November 7, 2022.
