Page 17 - Monetary Community News Today

The CAR has also expressed its "commitment to the single currency and respect for the statutes of the Bank of Central African States."

If the move is implemented, the nations collectively known as CEMAC will be the first to introduce a regional digital currency, while BAEC will be the first regional bank to issue a CBDC.

The value of the CFA franc has fallen steeply against the dollar since January, posing problems for the 14 countries in West and Central Africa that use it.

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/PRNewswire/ -- The National Bank of Equatorial Guinea BANGE and UnionPay International jointly announced today, the first issuance of UnionPay...

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With the launch of Sango Coin, the CAR has taken a further step in implementing a crypto-based financial system, but there is little chance the president’s drive to introduce virtual currencies will benefit the population.

A group of Bitcoiners traveled to the Central African Republic to meet with the country’s president and discuss pathways for bitcoin adoption.

During his meeting with members of the organization, Qattan spoke about the Saudi-African relations and ways to develop and strengthen them in various fields, stressing the keenness of Saudi Arabia's leadership to consolidate relations with it to serve the common interests.

For more than two years now, for Cameroon, 25frs, 50frs, 100frs and 500frs coin don dey rare like gold. How traders and customers dey survive di mata? Wetin go explain di scarcity?