Cameroon and five other CEMAC countries; Gabon, Central African Republic, Chad, the Republic of the Congo, and Equatorial Guinea have put new banknotes into circulation.
The new banknotes were put into circulation on December 15, 2022.
“It is a technology that has significantly improved the quality of cash circulation by gradually replacing the bills of the 2002 range, most often worn, by new bills of the 2020 range,” Emmanuel Asafor Sho, BEAC’s deputy national director for Cameroon said.
He added that: “to ensure the authenticity of a bill, it is sufficient to apply the method “TRI”, a simple, fast and effective method that combines three gestures: Touch, Look, Tilt.”
This comes 20 years after the last range of banknotes was introduced into the Economic Community of Central Africa(CEMAC).
The old banknotes will however continue circulating in the CEMAC zone despite the introduction of the new banknotes.
By Amina Hilda
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