The monetary issuance institution in Central Africa announced in November 2019, the refueling of coins increasingly rare in the market.
By Achille Mbog Pibasso
An effective solution will soon be made to the thorny problem of the scarcity of coins on the market. The announcement was made on 04 July 2019 in Douala by the Governor of the Bank of Central African States (BEAC) Abbas Mahamat Tolli. It was at the end of the double session of the Ministerial Committee of the Central African Monetary Union (UMAC) and the Council of Ministers of the Economic Union of Central Africa (UEAC).
A persistent problem that the BEAC, which has often refuted scarcity, has decided to provide an adequate response. “We did look into this question. It is also the vice-governor who took care of it. Orders have been placed, and next November, they will be delivered, “said the governor.
According to reliable information, the scarcity of coins is a reality in the six countries of the Economic and Monetary Community of Central Africa (CEMAC). Sometimes economic agents are blocked from carrying out an operation because of the “absence of coins”.
In some countries of the zone, like Cameroon, the situation is serious. The scarcity of coins disrupts activities, while these are regularly “requisitioned” in the gaming rooms in this case, the pieces of FCFA 100 valued for the cause. In addition, it is alleged that craftsmen make disappear silver coins used as raw material for the manufacture of jewels. The other complaint about the scarcity of silver coins is rejected on the Asian channel, better Chinese, who would export a huge amount of money to their countries to serve as metals.
Apart from the CFAF 500, CFAF 100 and CFAF 50, the other CFAF 25, 10 and 5 have almost disappeared from the market, “especially since the high cost of living makes it impossible to find almost more on the product market for these units, “admit economists.
