2024-04-22 22:42:13
The Bank of Central African States (BEAC) is preparing to launch a new range of coins in the CEMAC zone, headlined by a new 200 FCFA coin. A major innovation which promises to shake up our habits and resolve the nagging question of “small change”.
The 200 FCFA coin, star of newcomers
Expected between June and September, the new range of BEAC coins has its share of surprises in store. But it is undoubtedly the 200 FCFA coin that attracts all the attention. A first in the CEMAC space, which fills a gap between 100 and 500 FCFA coins. With a size close to the old 50 FCFA coin from the 1960s, still in circulation, this newcomer promises to be a valuable tool to facilitate everyday transactions.
Another major innovation: the size of the new parts. Exit the Lilliputian formats of 10, 5, 2 and 1 FCFA coins, regularly shunned by businesses and taxis, a source of friction with customers. The BEAC opted for an XXL format, easier to handle and identify. Objective: put an end to the recurring shortages of small change which poison the daily lives of Cameroonians. A significant change which should facilitate the circulation of coins and streamline exchanges.
New compositions, new colors: a complete facelift
The new range is also distinguished by its new alloys. No more noble materials, make way for less attractive compositions for the traffickers who have held the CEMAC zone to ransom for years. A strategic choice to stem criminal networks, often based in Asia, which loot coins for their intrinsic value. Another notable change: the colors of the pieces, which should feature new shades to better differentiate themselves. A real facelift which promises to give a facelift to our currency.
Banks and supermarkets in the BEAC’s sights
To succeed in this major upheaval, the BEAC intends to work hard. Massive orders, offensive strategy… Everything will be done to flood the market and put an end to the monetary shortage. In the sights of the Central Bank: commercial banks and supermarkets, often reluctant to handle coins, considered too heavy and time-consuming. The BEAC intends to force them to play the game, to guarantee the success of this little revolution.
The advent of a new monetary era
Ultimately, a real paradigm shift is looming. With parts that are more practical, more available and better suited to consumer needs, our entire relationship with money could be changed. Gone are the days of laborious transactions and free-for-alls over a few yellow coins. Make way for a new era of fluidity and simplicity. A small revolution which could well have major consequences on our daily lives and on the vitality of the Cameroonian economy.
237online.com will closely follow this burning issue and will keep you informed, before anyone else, of the arrival on the shelves of these new treasures. Until then, grab your piggy banks: the hunt for 200 FCFA coins is on!