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beac

Chad confident of it’s Financial situation

"The reserves were in the negative zone so it was necessary to urgently and drastically put in place rather monetary programs and austerity programs which led to cuts in wages,...
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2331 billion FCFA of excess reserves for banks of CEMAC at the end of September 2020

Between September 2018 and 2020, the outstanding bank loans to the economy of the sub-region were down by 119 billion FCFA. They explain that most of their resources are sight...
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0.50% excluding tax now applied for transfers out of CEMAC beyond 5 million FCFA

"The rate of the commission 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...
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BDEAC collected 106.8 billion FCFA following the raising of bonds

The mobilization of subscribers was remarkable, with more than 82.4% participation for banks, 7.7% for insurance companies, 5.6% for individuals, pension funds just over 1 , 9% of the total...
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CEMAC countries under the weight of COVID – 19

"This favourable development reflects the rebound recorded from the third quarter of the year, demonstrating the resilience of the economies of the sub-region in the face of the COVID-19 pandemic",...
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BEAC pumps in 250 billion FCFA into CEMAC market

This operation will be carried out at the applicable tender interest rate (TIAO) of 3.25%, in accordance with community provisions. Assets accepted as collateral for BEAC refinancing operations operate in...
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BEAC called to review its foreign exchange regulations

According to the African Energy Chamber (the voice of the energy sector in Africa), these measures are insufficient, unrealistic and unlikely to boost sustainable development. “We need businesses that can...
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Gabon’s leader meet BEAC boss and CEMAC Commissioner

For the president of the Cemac Commission, the countries have taken appropriate measures to face recent economic shocks. "Naturally at the level of integration, in the sub-region, we have taken...
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BEAC tightens conditions for transfers outside CEMAC

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...
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BEAC imposes a new tax on transfers of funds abroad

Regarding transactions, on behalf of national treasuries and public accountants, as well as sub-participants in payment systems and means holding accounts in the books of the Central Bank, the commission...
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