CFA coins from 1958 to 1985 lose validity on 1 November
By the AFREEQUE newsroom, based on Radiomacuto
CFA franc coins minted between 1958 and 1985 will cease to be legal tender on 1 November in the six CEMAC countries, including Equatorial Guinea. They can still be exchanged for one year at banks, microfinance institutions and the BEAC, according to the central bank's announcement.
CFA franc coins put into circulation between 1958 and 1985 will lose their legal tender status on 1 November in the six countries of the Economic and Monetary Community of Central Africa (CEMAC), including Equatorial Guinea, Radio Macuto reports. The measure concerns all denominations in the former series, from 1 to 500 CFA francs.
Holders will have one year to exchange the coins, after which they will lose their value. No shop will be required to accept them from 1 November, following a decision taken on 7 October in N'Djamena by the Ministerial Committee of the Central African Monetary Union (UMAC), which brings together the finance ministers of the six states, according to Radio Macuto.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
