CEMAC Introduces New Coins, Including a CFA200 Piece.

The Bank of Central African States (BEAC) has officially launched a new series of coins across the six countries of the Central African Economic and Monetary Community (CEMAC). The coins will start circulating on April 5 and will be used alongside the existing ones.

The introduction of the new coins follows a March 24 meeting of BEAC’s Monetary Policy Committee in Malabo, Equatorial Guinea. BEAC Governor Yvon Sana Bangui confirmed that distribution centers in all six member states had already been stocked in preparation for the rollout. The final step before their launch was an official presentation to CEMAC’s current chairman, Central African President Faustin Archange Touadéra, in Bangui on April 2.

A key addition to the new series is a CFA200 coin, which joins the existing CFA5, CFA10, CFA25, CFA50, CFA100, and CFA500 coins. BEAC has also modified the composition of the coins, using different metals and alloys to prevent smuggling.

Source: Businessincameroon