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République centrafricaineEconomy· Français

CEMAC Zone: The withdrawal of old coins is underway

Oyebi ·1 min read

✓ AI Translation · English

A monetary transformation is underway within the CEMAC zone. The Economic and Monetary Community of Central Africa has officially begun an operation aimed at gradually withdrawing from circulation the old coins currently used by the populations of the six member countries. This decision, driven by regional monetary authorities, is part of a stated desire to modernize payment tools and clean up the monetary circuit within the community. For citizens, particularly in the Central African Republic and Bangui, this measure implies a transition to newer coins whose technical and security features have been optimized. The ultimate goal is to ensure greater fluidity in daily financial transactions and to combat the circulation of obsolete or damaged coins. While the principle of withdrawal has been approved and is being implemented, certain logistical details regarding the precise schedule for total demonetization in each member country remain points of concern for users. This monetary reform underscores CEMAC's commitment to harmonizing its financial instruments to meet current economic standards.
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