New FCFA 200 coin enters circulation in Central African Regions April 5

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), which includes Cameroon, Congo, Gabon, Equatorial Guinea, the Central African Republic, and Chad. 

These new coins will start circulating on April 5 and will be used alongside the existing ones. A key addition to the new series is a CFA200 coin, which joins the existing denominations of CFA 5, CFA 10, CFA 25, CFA 50, CFA 100, and CFA 500 coins. 

The BEAC has also modified the composition of the coins, using different metals and alloys to prevent smuggling. 

This move aims to address the widespread coin shortage in CEMAC countries, partly caused by smuggling to an Asian country where they were melted down for use in the jewelry industry.

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.

BY A CORRESPONDENT 

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Samples of new CEMAC coins