BetaPipol By the end of 2022, the six countries of the Economic Community of Central African States (CEMAC), namely Cameroon , Gabon , Equatorial Guinea , Congo , Chad and the Central African Republic, will see new banknotes and coins, in circulation.
The sub-regional banking institution; BEAC, is fine-tuning the final adjustments of this project, which should be effective from November 2022, thanks to the celebration of the fiftieth anniversary of the BEAC, whose festivities are planned to take place in Ndjamena(Tchad).
The 500, 1,000, 2,000, 5,000 and 10,000 FCFA notes would not only change design and format, but their security will be made more rigid and reliable, so as to protect them from counterfeiting.
Regarding the new coins, the monetary units of 1, 5 and 10 CFA whose use is increasingly unsuitable will disappear. Only those of 25, 50, 100 and 500 CFA will be renewed under new characteristics of edge, color and alloy.
It should be noted that the last range of currencies introduced in the sub-regional economies and currently in circulation dates from 2002. Before 2002, the renewal process took place every ten years, in 1972, 1982, 1992, then 2002.