The Bank of Central African States (BEAC) has just made public new provisions for transfers outside the Central African Economic and Monetary Community (CEMAC). This instruction determines the commissions the commission to be levied by the Central Bank applies to authorized intermediaries, national treasuries and accountants, as well as all who participate in the systems and means of payment holding accounts in the books of the BEAC.
“The commission rate to be charged by the Central Bank during the execution of outgoing transfers outside CEMAC on behalf of authorized intermediaries is set at 0.5% excluding tax of the amount”, specifies the monetary issuing institution under regional.
In addition, the BEAC specifies, the commission rate to be charged by the Central Bank during transfers outside CEMAC on behalf of national treasuries and accountants, as well as all who participate in the systems and means of payment holding accounts is set at 0, 25% excluding tax of the amount.
Said commission is in addition to the commission rate applied by credit institutions to customers, which must not exceed 1% excluding tax of the amount in accordance with instruction No. 002 / GR / 2019 relating to the pricing of transfer operations.
The Central Bank emphasizes that the new instruction, which takes effect from January 1, 2021, repeals all previous provisions on the subject.
