Problem Experienced in Foreign Currency Outflows from BEAC Countries Under BEAC Decisions

Dear Member,

In the letter sent to our Chamber by TOBB, with reference to the letter received from the Ministry of Trade dated 18.01.2023 and numbered 82025373, and with reference to a letter received from the Commercial Counsellor's Office in Yaoundé, the recent problems regarding money transfers between banks in trade with Cameroon and the work carried out by the Counsellor's Office regarding the strict implementation by the Bank of Central African States (BEAC) of its 2018 “Foreign Exchange Control Law” are addressed, and the precautionary measures our companies can take are explained.

Annex: Problem Experienced in Foreign Currency Outflows from BEAC Countries Under BEAC Decisions

Kind regards,

Elazığ Chamber of Commerce and Industry

 

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Date Added :2023-01-23 04:14:00