Monday, July 15, 2019

Cemac: Governments to soon forbid use of coins in game rooms

During a Board meeting held April 2 in Douala, Cameroon’s economic capital, the Bank of Central African States Beac raised concern about the scarcity of coins in the sub-region, especially in Cameroon.

In order to tackle this issue, the Board instructed the bank to take steps with the CEMAC countries to ban the use of coins in gaming rooms and, on the other hand, to define a multi-year plan for making coins available to the population, according to the final communique.

In fact, expatriates, especially Asians, who own game rooms in Cameroon and other Cemac states shipped XAF50 and XAF100 coins out of the country through slot machines and recycled them into jewelry. Last December 18, Abbas Mahamat Tolli, Governor of Beac, already promised to open an investigation into the phenomenon.

Stay Connected

16,525FansLike
22FollowersFollow
0FollowersFollow
408FollowersFollow

Latest News

attack-of-the-ambassador-in-paris-the-8216general-wanto8217-is-summoned-by-the-paris-prosecutor

Attack of the ambassador in Paris: the ‘general WANTO’ is summoned by the Paris...

This is an important turning point in the ongoing political battle in Cameroon. The President of the Council of Cameroonians of the Diaspora (CCD), General WANTO is summoned to the Paris prosecutor to be notified of the charges against him. The complaint was filed by the Cameroonian Embassy in Paris.This is an important turning point…
how-kamto-sent-to-walk-the-military-magistrates-in-the-pay-of-biya

How Kamto sent to walk the military magistrates in the pay of Biya

What did the military judges believe when they went to meet the eminent Law Clerk and international lawyer whom they have held captive for six months? That he would flatten himself at their sight in the hope that the military justice - which can not do anything other than bow to the unjust injunctions of…
anglophone-crisis-11000-cdc-workers-lost-their-jobs

Anglophone Crisis: 11,000 CDC workers lost their jobs

Some 11,000 people have already lost their jobs at the Cameroon Development Corporation (CDC) because of the socio-political crisis in the English-speaking regions of North West and South West.These lost jobs represent 50% of the workforce of this public company, which, with 22,000 employees, is the second largest employer in the country after the state.The…