Following the coming into force of the CEMAC Regulation 02/18/CEMAC/UMAC/CM in 21 December 2018 (hereinafter the “FX Regulation”), unlike with the former exchange control regulation of 2000, the Governor of the Bank of Central African States (“BEAC”) issued…
As contemplated by article 191 of the CEMAC Regulation 02/18/CEMAC/UMAC/CM dated 21 December 2018 (hereinafter the “FX Regulation”), on the 10th of June 2019, eleven (11) instructions
The Bank of Central African States (“BEAC”) submitted for adoption a new set of foreign exchange regulations to the Ministerial Committee of the Union Monétaire de L’Afrique Centrale (UMAC), which is the entity responsible for the harmonization of monetary policy in the CEMAC.