- Discussions focused on cooperation and institutional reforms involving Equatorial Guinea, Cameroon, and the Economic Commission of Central African States.
- The CEMAC zone, comprising several Central African states including Cameroon and Equatorial Guinea, is currently navigating financing strategies influenced by the monetary policy of the Bank of Central African States.
CEMAC States Ban Use of Old CFA Franc Coins Starting November 2026
What happened
The ministers’ committee of the Central African Monetary Union, a CEMAC body, decided to stop treating certain old coins as money in six countries sharing the Central African CFA franc. This ban, which applies to Cameroon, the Central African Republic, Congo, Gabon, Equatorial Guinea, and Chad, takes effect on November 1, 2026. Holders of the old coins must swap them for newer denominations at banks, microfinance lenders, and the central bank by October 31, 2027.
From riotimesonline.com
Why it matters
The decision is part of the CEMAC zone's ongoing efforts to navigate financing strategies influenced by the monetary policy of the Bank of Central African States. The change in legal tender status affects domestic commerce and currency usage across the member states.
The CEMAC zone, which includes Cameroon and Equatorial Guinea, is currently navigating financing strategies influenced by the monetary policy of the Bank of Central African States.
From riotimesonline.com
Who's involved
- Economic and Monetary Community of Central AfricaThe inter-governmental organization that made the decision regarding the shared currency.
- Bank of Central African StatesThe central bank responsible for publishing the information note and managing the coin exchange process.
- CameroonOne of the six sovereign states affected by the currency change.
- GabonOne of the six sovereign states affected by the currency change.
- Equatorial GuineaOne of the six sovereign states affected by the currency change.
- ChadOne of the six sovereign states affected by the currency change.
- Central African RepublicOne of the six sovereign states affected by the currency change.
- Republic of the CongoOne of the six sovereign states affected by the currency change.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- CameroonSpeculative
Domestic commerce might face adjustments in pricing and transaction costs due to the change in legal tender.
- GabonSpeculative
Domestic commerce might face adjustments in pricing and transaction costs due to the change in legal tender.
- Equatorial GuineaSpeculative
Domestic commerce might face adjustments in pricing and transaction costs due to the change in legal tender.
- ChadSpeculative
Domestic commerce might face adjustments in pricing and transaction costs due to the change in legal tender.
- Central African RepublicSpeculative
Domestic commerce might face adjustments in pricing and transaction costs due to the change in legal tender.
- Republic of the CongoSpeculative
National currency usage might require adjustments in payment systems and retail operations.
Keep exploring
Part of
The CEMAC zone, comprising several Central African states including Cameroon and Equatorial Guinea, is currently navigating financing strategies influenced by the monetary policy of the Bank of Central African States.Also in this story
- Albert Nkemla will chair the wider CCA Bank Group, pending approval from the Central African Banking Commission. The bank operates in Cameroon.
- Gabon utilizes the CFA franc currency shared by the Economic and Monetary Community of Central Africa (CEMAC).
The entities involved
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Cameroon
sovereign state in West-Central Africa
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Equatorial Guinea
sovereign state in Africa
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Gabon
country on the Atlantic coast of Central Africa